BROKERS’ TAKE

PhillipCapital dubs Koufu 'best in class', sees move to new facility as major catalyst

Singapore

PHILLIPCAPITAL on Wednesday initiated coverage on Koufu Group with a "buy" recommendation and a target price of 80 Singapore cents.

The stock gained 1.5 cents or 2.2 per cent to close at 68.5 cents on Wednesday with 3.2 million shares changing hands.

The brokerage