Bursa Alert
Global Market
NewsCIMB Research maintains Neutral on Felda Global, target price RM4.50
Page 1 of 1
CIMB Research maintains Neutral on Felda Global, target price RM4.50
by Cals Wed 10 Jul 2013, 08:49
CIMB Research maintains Neutral on Felda Global, target price RM4.50
Business & Markets 2013
Written by theedgemalaysia.com
Wednesday, 10 July 2013 08:40
KUALA LUMPUR (July 10): CIMB Research has maintained its Neutral rating on Felda Global Ventures Holdings Bhd (FGV) at RM4.54 with a target price of RM4.50 and said it as neutral overall on the group's landbank acquisition in Indonesia.
In a note Wednesday, the research house’s Ivy Ng said the land was located close to FGV’s current estates and the acquisition price was fair.
“More importantly, we sense that this is the beginning of a series of M&As the group hopes to seal. FGV is actively evaluating acquisition proposals to grow its businesses through its IPO proceeds.
“These acquisitions are expected to boost future earnings and improve the age profile of its estates. We maintain our sum-of-parts-based target price and Neutral call as we believe the stock is fairly valued,” said Ng.
Business & Markets 2013
Written by theedgemalaysia.com
Wednesday, 10 July 2013 08:40
KUALA LUMPUR (July 10): CIMB Research has maintained its Neutral rating on Felda Global Ventures Holdings Bhd (FGV) at RM4.54 with a target price of RM4.50 and said it as neutral overall on the group's landbank acquisition in Indonesia.
In a note Wednesday, the research house’s Ivy Ng said the land was located close to FGV’s current estates and the acquisition price was fair.
“More importantly, we sense that this is the beginning of a series of M&As the group hopes to seal. FGV is actively evaluating acquisition proposals to grow its businesses through its IPO proceeds.
“These acquisitions are expected to boost future earnings and improve the age profile of its estates. We maintain our sum-of-parts-based target price and Neutral call as we believe the stock is fairly valued,” said Ng.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Alliance IB Research maintains Sell on Felda Global, target price RM3.43
» Alliance Research maintains Neutral on CIMB, target price RM7.81
» CIMB Research maintains Neutral on BAT, cuts target price to RM62.30
» Alliance IB Research maintains Neutral on CIMB, trims target price
» CIMB Research maintains Neutral, KLCI end-2012 target 1,650
» Alliance Research maintains Neutral on CIMB, target price RM7.81
» CIMB Research maintains Neutral on BAT, cuts target price to RM62.30
» Alliance IB Research maintains Neutral on CIMB, trims target price
» CIMB Research maintains Neutral, KLCI end-2012 target 1,650
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum