Morgans revises its estimates and ratings after reviewing 13 companies heading into 2023.

Kina Securities' target price falls to $1.11 - a 10% discount to the broker's $1.23 valuation - due to uncertainty surrounding a potential extra PNG bank tax.

Add rating retained.

Sector: Diversified Financials.

Target price is $1.11.Current Price is $0.80. Difference: $0.31 - (brackets indicate current price is over target). If KSL meets the Morgans target it will return approximately 28% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2023 Acquisdata Pty Ltd., source FN Arena