Stock Name: GMG
Company Name: GMG GLOBAL LTD
Company Name: GMG GLOBAL LTD
| Research House: DBS Vickers | Price Call: HOLD | Target Price: 0.125 |
DBS Vickers has upgraded Singapore rubber firm GMG Global (GMGG.SI) to hold from fully valued and raised its target price to $0.125 from $0.19.
DBS said the key catalysts for GMG stock will be the deployment of around $312 million in net cash, mainly from the company's rights issue completed last December, as well as the timely execution of its expansion plans.
At 10:13 a.m., GMG shares were up 0.8% at $0.121. The stock fell around 47% last year.
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