LPI Capital Poised for Growth: Kenanga Raises Target Price to RM15.12

Kenanga Research has reaffirmed its "Outperform" rating on LPI Capital, raising the target price to RM15.12 from RM15.00. The upgrade follows LPI's potential windfall from selling its 1.1% stake in Public Bank, which could yield up to 18% in special dividends. Analysts cite LPI's superior return on equity of 22.5% and promising synergies with Public Bank as key growth drivers. The company is expected to see improved performance in 2025, with reduced exposure to flood-related claims. LPI's shares closed at RM13.90 on February 17, 2025, suggesting a significant upside potential based on the new target price.

 

Sources: The Star, Kenanga Research, BusinessToday