ITMAX surges with Selangor wins, Johor strength — Rakuten Trade stays bullish

ITMAX surges with Selangor wins, Johor strength — Rakuten Trade stays bullish

KUALA LUMPUR: Rakuten Trade Sdn Bhd is maintaining its BUY call on ITMAX System Bhd with a target price of RM5.01, citing the company's rapid market expansion, robust order book, and solid earnings visibility as catalysts for sustained growth. The valuation is based on a discounted cash flow model with an 8.2 per cent weighted average cost of capital and a 3 per cent terminal growth rate. The broking projects core net earnings of RM85.1 million …