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NewsMaybank IB Research maintains Hold on Aeon Co (M), raises target price
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Maybank IB Research maintains Hold on Aeon Co (M), raises target price
by Cals Thu 18 Jul 2013, 09:41
Maybank IB Research maintains Hold on Aeon Co (M), raises target price
Business & Markets 2013
Written by theedgemalaysia.com
Thursday, 18 July 2013 09:31
KUALA LUMPUR (July 18): Maybank IB Research has maintained its Hold rating on Aeon Co (M) Bhd at RM15.06 with a higher target price of RM16.10 (from RM15.70) and said the company’s new land acquisition in Kempas, Johor for the CONSTRUCTION [] and operation of a mall with car parks and a departmental store cum supermarket, was much in line with the overall group's expansion strategy of opening 1-2 new malls per annum.
“We raise our FY14-15 earnings forecasts by 3-6% after imputing higher new store openings in 2014,” it said in a note Thursday.
“As such, our target price is raised to RM16.10 from RM15.70. Maintain Hold,” it said.
Business & Markets 2013
Written by theedgemalaysia.com
Thursday, 18 July 2013 09:31
KUALA LUMPUR (July 18): Maybank IB Research has maintained its Hold rating on Aeon Co (M) Bhd at RM15.06 with a higher target price of RM16.10 (from RM15.70) and said the company’s new land acquisition in Kempas, Johor for the CONSTRUCTION [] and operation of a mall with car parks and a departmental store cum supermarket, was much in line with the overall group's expansion strategy of opening 1-2 new malls per annum.
“We raise our FY14-15 earnings forecasts by 3-6% after imputing higher new store openings in 2014,” it said in a note Thursday.
“As such, our target price is raised to RM16.10 from RM15.70. Maintain Hold,” it said.
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