QNS [OUTPERFORM +19.3%] - New soymilk products make-or-break for future outlook - Update
  • 22 Nov 2018
  • Company Research
We lower our rating to O-PF as a 12% share price rally in the last two months has left a TSR of 19% to our TP, which edged 1% higher vs our previous report. 2018F-2019F NPAT remain intact. While some valuation discount vs peers is warranted due to its ine