PETALING JAYA: Syarikat Takaful Malaysia Bhd( STMB) offers investors a good opportunity, especially for a long-term play in the takaful industry. Hong Leong Investment Bank( HLIB) Research has reiterated its “ buy ” call on the stock with a target price of RM4.40 per share. This is based on its 1.8 times financial year 2022( FY22) price-to-book ratio with assumptions of 17% return on equity( ROE), 10.08% cost on equity and 3% long-term growth, the research house said in its latest report. STMB,
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2022-03-30 00:00:00.0