EON Capital (RM7.23; Hold; Price Target: RM7.30; EON MK)

Another step closer
• Court rules in favour of EON Cap.
• 30 April deadline still on for Hong Leong Bank’s
offer.
• M&A with Hong Leong Bank will be positive; other
bidders in the pipeline unlikely to alter the picture
• Maintain Hold and RM7.30 TP (offer price)