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NewsRHB Research sees KPJ as top pick for healthcare (5878)
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RHB Research sees KPJ as top pick for healthcare (5878)
by hlk Mon 10 Sep 2012, 09:21
KUALA LUMPUR: RHB Research has KPJ Healthcare
as its top pick for the healthcare sector as valuation appears cheap at
21.8 times CY13 PER as compared to regional peers' valuation of 27.7
times 2013 price-to-earnings ratio (adjusted for the inclusion of IHH Healthcare).
"We
maintain our Outperform call on KPJ with an unchanged fair value of
RM6.86, which is based on a target CY13 PER of 23.5 times," it said on
Monday.
RHB Research said as for the rubber gloves sub-sector, it expects Top Glove and Kossan to be the prime beneficiary of falling latex prices given its larger proportion of latex gloves in its product mix.
"We,
thus, maintain our Outperform call on Top Glove and Kossan, with an
unchanged fair value of RM6.26 and RM3.73, which is based on a target
CY13 PER of 15.5 times and 9.0 times respectively. Maintain Overweight
stance on the sector," it said.
as its top pick for the healthcare sector as valuation appears cheap at
21.8 times CY13 PER as compared to regional peers' valuation of 27.7
times 2013 price-to-earnings ratio (adjusted for the inclusion of IHH Healthcare).
"We
maintain our Outperform call on KPJ with an unchanged fair value of
RM6.86, which is based on a target CY13 PER of 23.5 times," it said on
Monday.
RHB Research said as for the rubber gloves sub-sector, it expects Top Glove and Kossan to be the prime beneficiary of falling latex prices given its larger proportion of latex gloves in its product mix.
"We,
thus, maintain our Outperform call on Top Glove and Kossan, with an
unchanged fair value of RM6.26 and RM3.73, which is based on a target
CY13 PER of 15.5 times and 9.0 times respectively. Maintain Overweight
stance on the sector," it said.
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