CIMB Securities starts Eco-Shop coverage with Hold, RM1.50 target price
CIMB Securities has initiated coverage on Eco-Shop Marketing Bhd with a Hold call and a RM1.50 target price, saying the stock's 16 per cent valuation premium over Bursa Malaysia-listed consumer peers leaves limited upside. The retailer last closed at RM1.45, giving it a market value of RM8.35 billion, and trades at 24.1 times forecast 2027 earnings against 17 times for Mr DIY.