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Kossan: Buy, target price RM9.04.
MIDF Research maintains its "buy" recommendation on Kossan Rubber Industries Bhd, a producer of industrial rubber and disposable latex products, with a target price of RM9.04, derived from 14 times earnings per share for 2010.
In a report issued yesterday, it said Kossan was its top glove maker stock, taking into account its discounted valuation compared to its peers.
It said that Kossan's proposed bonus issue …
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