Despite Prestariang delivered a strong performance for its 1Q18 results, analysts are of the view that the new government under PH may review its SKIN project, as such majority of the analysts has revised down Prestariang’s target price.
Prestariang’s share price has tumbled down for 2 days but bounced back on 3rd day to peak high at RM1.30, a 19 sen or 17% up. The share closed at RM1.26, up by 15 sen or 13.51%.
For its first reporting quarter in 2018, Prestariang reported a 102% jumped in PAT to RM6.51 million on the back of revenue jumped by 65.64% to RM72.75 million.
The Company has also declared its 1st interim dividend payout of 0.5 sen.