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QNS [BUY +31.4%] - Valuation turns appealing after recent share price correction - Update

Company Research

22 Aug 2017

We upgrade our rating to BUY as the share price has slid 16% since our last update in June. QNS looks attractive at a 2017F PER of 12.1x although increased contribution from sugar and biomass power may dilute its branded soymilk story.
Tags: QNS

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