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NewsMaybank IB Research maintains Hold on UEM Land, target price RM2.45
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Maybank IB Research maintains Hold on UEM Land, target price RM2.45
by Cals Tue 23 Apr 2013, 10:04
Maybank IB Research maintains Hold on UEM Land, target price RM2.45
Business & Markets 2013
Written by theedgemalaysia.com
Tuesday, 23 April 2013 09:02
A + / A - / Reset
KUALA LUMPUR (April 23): Maybank IB Research has maintained Hold on UEM LAND HOLDINGS BHD [] (UEML) at RM2.70 with a target price of RM2.45 (under review) and said the company’s latest land sale in Puteri Harbour, Johor was expected to net a gain of RM81 million (1.87 sen per share) to UEML's FY14 earnings.
In a note Tuesday, the research house said that more importantly, the land sale to Kuok Brothers' will further enhance the profile and re-rate land/property prices in Nusajaya.
“We are reviewing our earnings forecasts, target price and recommendation, which have positive bias,” it said.
Business & Markets 2013
Written by theedgemalaysia.com
Tuesday, 23 April 2013 09:02
A + / A - / Reset
KUALA LUMPUR (April 23): Maybank IB Research has maintained Hold on UEM LAND HOLDINGS BHD [] (UEML) at RM2.70 with a target price of RM2.45 (under review) and said the company’s latest land sale in Puteri Harbour, Johor was expected to net a gain of RM81 million (1.87 sen per share) to UEML's FY14 earnings.
In a note Tuesday, the research house said that more importantly, the land sale to Kuok Brothers' will further enhance the profile and re-rate land/property prices in Nusajaya.
“We are reviewing our earnings forecasts, target price and recommendation, which have positive bias,” it said.
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