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cc chin, you are spot on, the IBs are writing current price is undervalue for their own investment strategies luring unsuspected retailers unaware of recent bonus issues. taking into considering the bonus issues of 1 to 1, the current price is actually 9.56 which is high and absorded all the good news notwithstanding...
Local research houses, only 3-4 considered as reputable research houses, others are below average or lack of track record. Top 3-4 should be Cimb, Maybank then HLG n Amresearch... The research houses always can give very high TP to lure retail investors to help to push up share prices.