Magnum expected to benefit from clampdown on illegal NFOsMagnum Bhd
(Feb 21, RM2.58)
Maintain buy with an unchanged target price (TP) of RM3.20: Magnum Bhd reported a core profit of RM54 million (-25% year-on-year [y-o-y], +13% quarter-on-quarter) for the fourth quarter ended Dec 31, 2019 (4QFY19).
The weaker re...