Stock Name: SEG
Company Name: SEG INTERNATIONAL BHD
TA Research downgraded SEG International Bhd (SEGi) to "hold" as it saw the offer by Navis Capital to take over the education firm as unattractive.
"Given the unattractive terms of the deal, we recommend investors to reject the offer by Navis," TA said in research note on Thursday.
The broker cut its target price for SEGi to RM1.98 per share to take into account the risk that the takeover offer will result in eventual delisting of the stock at a discounted price.
"We shall review our recommendation once there is better clarity on the outcome of the takeover offer," it added. -- Reuters
Company Name: SEG INTERNATIONAL BHD
| Research House: TA | Price Call: HOLD | Target Price: 1.98 |
TA Research downgraded SEG International Bhd (SEGi) to "hold" as it saw the offer by Navis Capital to take over the education firm as unattractive.
"Given the unattractive terms of the deal, we recommend investors to reject the offer by Navis," TA said in research note on Thursday.
The broker cut its target price for SEGi to RM1.98 per share to take into account the risk that the takeover offer will result in eventual delisting of the stock at a discounted price.
"We shall review our recommendation once there is better clarity on the outcome of the takeover offer," it added. -- Reuters
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