KUALA LUMPUR (AFX-ASIA) – Local brokerage Hwang-DBS Securities Bhd said it is initiating coverage on Petra Perdana Bhd with a “buy” recommendation and a 12-month price target of RM9 based on a 25% premium over its 2004 target construction sector multiple of 13 times. In its notes, the brokerage said main-board listed Petra Perdana’s price…

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