Amway Malaysia is in for a good year: TA Securities

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KUALA LUMPUR (Aug 22): Direct marketing firm Amway (Malaysia) Holdings Bhd is in for a good year after it released strong 1H earnings that met consensus estimates, TA Securities says. 

Amway's growth will be driven by improving product sales, launch of new products and aggressive promotion, the broker says, adding its robust cash position and operating cash flow may make it an attractive dividend stock. 

TA maintains buy on Amway with an unchanged target price of RM7.76.