Ausgrp

Ausgrp: CIMB ceases coverage on stock due to a lack of institutional interest in the stock. House last rating was Neutral with a $0.52 TP. Notwithstanding, that the acting CEO has reiterated a turnaround and positive outlook in house recent meet up with him, believe that a dual-listing could catalyze the stock and narrow the valuation gap against ASX-listed peers.