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Good opportunity to accumulate Sunway stocks, says RHB Research
by Cals Sun 22 Mar 2015, 22:54
Good opportunity to accumulate Sunway stocks, says RHB Research
By TheEdge Markets.com / theedgemarkets.com | March 20, 2015 : 9:46 AM MYT
KUALA LUMPUR (March 20): [size=14]RHB Research has maintained its “Buy” rating on Sunway Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) at RM3.49 with a higher target price of RM4.18 (from RM3.90) and said given the significant re-rating in the big-cap construction stocks in Malaysia lately, it was a good opportunity to accumulate Sunway.
“Maintain Buy, with a higher target price of RM4.18 (20% upside),” it said in a note Friday.
“Unlike other property stocks which currently suffer from weak property sales, Sunway has a different angle as it will list its Sunway Construction soon.
“Investors should look forward to a windfall dividend payout,” it said.
[/size]
By TheEdge Markets.com / theedgemarkets.com | March 20, 2015 : 9:46 AM MYT
KUALA LUMPUR (March 20): [size=14]RHB Research has maintained its “Buy” rating on Sunway Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) at RM3.49 with a higher target price of RM4.18 (from RM3.90) and said given the significant re-rating in the big-cap construction stocks in Malaysia lately, it was a good opportunity to accumulate Sunway.
“Maintain Buy, with a higher target price of RM4.18 (20% upside),” it said in a note Friday.
“Unlike other property stocks which currently suffer from weak property sales, Sunway has a different angle as it will list its Sunway Construction soon.
“Investors should look forward to a windfall dividend payout,” it said.
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