FY22F recovery looks priced in■ 1HFY21 core net profit of RM21.0m (-59.7% yoy) came in belowexpectations, mainly due to higher-than-expected operating costs.■ We expect BOR to stay weak in 3QFY21F as Covid-19 cases remainelevated, with only a gradual recovery to start in 4QFY21F.■ Downgrade to Hold as current valuations appear to already price in arecovery […]

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