Hong Leong Investment Bank Research (HLIB Research ) said: “We are particularly positive on Ramssol’s key new segments – Pay Day Now and Rider Gate – that have the potential to drive the group’s earnings growth.”

The research house also projected Ramssol’s earnings to grow at a strong three-year compounded annual growth rate of 28.6% with a target price of RM1.21.

Meanwhile, Maybank Investment Bank Research (Maybank IB) has maintained a “buy”call on Ramssol with a higher target price of RM1.27