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I think it’s because of the warrants. The last trading date of Tanco-WC was 7 August, so shareholders either took profit or converted them into mother shares, which likely caused the price adjustment
Affin Hwang lifted its target price for Press Metal to RM5.90 from RM5.60 a share, based on an unchanged price-earnings multiple of 24-times applied to 2026 EPS, while maintaining its “buy” call
