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Date Description Country Analyst Download
31-Dec-2018 We like ELK for its potential mid-teen growth in HP receivables driven by higher value used-car financing, high effective interest rates at 13.6% - 18.2%, low NPL ratio at 1% and low gearing ratio at 0.11x as of 2Q19. Valuation wise, the stock is currently trading at FY20F PE of 10.8x, offering decent dividend yield of 6.4%. Recommend MEDIUM TERM BUY Malaysia Malaysia Research Team
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