Bursa Alert
Global Market
NewsRHB Research maintains Buy on Tambun Indah, fair value RM1.71
Page 1 of 1
RHB Research maintains Buy on Tambun Indah, fair value RM1.71
by Cals Mon 22 Jul 2013, 11:04
RHB Research maintains Buy on Tambun Indah, fair value RM1.71
Business & Markets 2013
Written by theedgemalaysia.com
Monday, 22 July 2013 10:38
KUALA LUMPUR (July 22): RHB Research has maintained Buy on Tambun Indah Land Bhd (TILB) at RM1.43 with a fair value of RM1.71 and said with its confidence on TILB reinforced, the research house was raising its FY13 sales forecast to RM500 million.
In a note Monday, the research house said it believed TILB’s share price could see an upside from the increase in news flow of investments into mainland Penang, eg a US-based medical devices manufacturer’s plans to set up a plant at Batu Kawan Industrial Park and IJMLD’s recent acquisition of 70 acres of land in Jawi.
RHB Research said TILB remained its top pick.
“It is the best proxy for mainland Penang property theme, that is well-supported by strong earnings fundamentals.
“Valuations are still undemanding at 6.7x FY14F P/E. We re-iterate our Buy recommendation, with an unchanged fair value of RM1.71, based on a 20% discount to RNAV,” it said.
Business & Markets 2013
Written by theedgemalaysia.com
Monday, 22 July 2013 10:38
KUALA LUMPUR (July 22): RHB Research has maintained Buy on Tambun Indah Land Bhd (TILB) at RM1.43 with a fair value of RM1.71 and said with its confidence on TILB reinforced, the research house was raising its FY13 sales forecast to RM500 million.
In a note Monday, the research house said it believed TILB’s share price could see an upside from the increase in news flow of investments into mainland Penang, eg a US-based medical devices manufacturer’s plans to set up a plant at Batu Kawan Industrial Park and IJMLD’s recent acquisition of 70 acres of land in Jawi.
RHB Research said TILB remained its top pick.
“It is the best proxy for mainland Penang property theme, that is well-supported by strong earnings fundamentals.
“Valuations are still undemanding at 6.7x FY14F P/E. We re-iterate our Buy recommendation, with an unchanged fair value of RM1.71, based on a 20% discount to RNAV,” it said.
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» RHB Research maintains Buy on Tambun Indah, raises fair value to RM3
» RHB Research maintains Buy on Tambun Indah
» HLIB Research maintains Buy on Tambun Indah, raises target price to RM2.60
» JF Apex Research ups target price for Tambun Indah to RM1.81
» Property Tambun Indah, Malton, Global Oriental choice picks for mainland Penang Theme, says RHB Research
» RHB Research maintains Buy on Tambun Indah
» HLIB Research maintains Buy on Tambun Indah, raises target price to RM2.60
» JF Apex Research ups target price for Tambun Indah to RM1.81
» Property Tambun Indah, Malton, Global Oriental choice picks for mainland Penang Theme, says RHB Research
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|