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NewsAlliance Research upgrades Affin to Buy, target price RM4.78
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Alliance Research upgrades Affin to Buy, target price RM4.78
by Cals Mon 03 Jun 2013, 11:04
Alliance Research upgrades Affin to Buy, target price RM4.78
Business & Markets 2013
Written by theedgemalaysia.com
Monday, 03 June 2013 10:36
A + / A - / Reset
KUALA LUMPUR (June 3): Alliance Research has upgraded Affin Holdings to a Buy at RN4.17 with a target price of RM4.78 and said since its downgrade of Affin to Neutral on 27 May, the group’s share price had retraced from RM4.51 to RM4.17 now.
In a note Monday, Alliance Research vice president for equity Cheah King Yoong said since the research house believed that value had re-emerged on the stock following the recent sell down, he was upgrading the stock to Buy (from neutral) with unchanged target price of RM4.78.
“We reiterate that Affin serves as a good proxy for exposure to the domestic M&A theme where foreign strategic shareholders are expected to be raising their shareholdings in the domestic banks,” said Cheah
Business & Markets 2013
Written by theedgemalaysia.com
Monday, 03 June 2013 10:36
A + / A - / Reset
KUALA LUMPUR (June 3): Alliance Research has upgraded Affin Holdings to a Buy at RN4.17 with a target price of RM4.78 and said since its downgrade of Affin to Neutral on 27 May, the group’s share price had retraced from RM4.51 to RM4.17 now.
In a note Monday, Alliance Research vice president for equity Cheah King Yoong said since the research house believed that value had re-emerged on the stock following the recent sell down, he was upgrading the stock to Buy (from neutral) with unchanged target price of RM4.78.
“We reiterate that Affin serves as a good proxy for exposure to the domestic M&A theme where foreign strategic shareholders are expected to be raising their shareholdings in the domestic banks,” said Cheah
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