NationGate Holdings is trading 6.71% up now at MYR 1.59 after UOB Kay Hian upgraded the stock to Buy and raised its target price to RM1.88 from RM0.82.
- UOB Kay Hian expects improving optical-networking margins as production volumes increase, supporting a sharper FY27 earnings recovery.
- Kenanga Research maintains an Outperform view with a RM2.14 target price.
- The rally follows a 5.67% gain on August 24, despite weaker second-quarter profit.