#3 CIMB Bank AM Investment bank has maintained its BUY rating on the company with a target price of RM 5.59. The continued positive sentiments are a result of “Niaga reporting a stronger net profit of Rp996bil (+573.0%
QoQ) in 1Q21 attributed to higher operating income from stronger net interest income (NII) and non-interest
income (NOII). Also, provisions were lower QoQ.” Moreover, another strong growth potential could be driven by new plans. “Niaga plans to transform its OCTO Mobile into a super app. The app now features insurance and travel concierge services to increase stickiness of customers. A higher percentage of transactions has been carried out through OCTO Mobile. These included time deposit opening, FX transactions, trading in bonds and instalment payments.” >> Read more about the company here. #4 Pavilion REIT AmInvestment Bank has maintained with a BUY rating on the stock with a target price of RM 1.75. The