Bursa Alert
Global Market
NewsCIMB Research maintains Outperform on Tan Chong, target price RM8
Page 1 of 1
CIMB Research maintains Outperform on Tan Chong, target price RM8
by Cals Wed 24 Jul 2013, 16:45
CIMB Research maintains Outperform on Tan Chong, target price RM8
Business & Markets 2013
Written by theedgemalaysia.com
Wednesday, 24 July 2013 14:44
KUALA LUMPUR (July 24): CIMB Research has maintained its Outperform rating on TAN CHONG MOTOR HOLDINGS BHD [] at RM6.71 with a target price of RM8 and said the launch of the country's first hybrid MPV was potentially another strong catalyst for Tan Chong's earnings-upgrade cycle.
In a note July 23, the research house said the development could raise its EPS forecasts by another 8-17%.
“But we choose not to change our EPS forecasts and target price at this stage until there is long-term visibility in the government's policy on Energy Efficient Vehicles (EEVs).
“Maintain Outperform. Key catalysts include the introduction of more models and a depreciating yen. Our RNAV-based target price is pegged to the Malaysian auto sector's 11x 2014 PER average,” it said.
Business & Markets 2013
Written by theedgemalaysia.com
Wednesday, 24 July 2013 14:44
KUALA LUMPUR (July 24): CIMB Research has maintained its Outperform rating on TAN CHONG MOTOR HOLDINGS BHD [] at RM6.71 with a target price of RM8 and said the launch of the country's first hybrid MPV was potentially another strong catalyst for Tan Chong's earnings-upgrade cycle.
In a note July 23, the research house said the development could raise its EPS forecasts by another 8-17%.
“But we choose not to change our EPS forecasts and target price at this stage until there is long-term visibility in the government's policy on Energy Efficient Vehicles (EEVs).
“Maintain Outperform. Key catalysts include the introduction of more models and a depreciating yen. Our RNAV-based target price is pegged to the Malaysian auto sector's 11x 2014 PER average,” 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» CIMB Research maintains Outperform on My E.G, ups target price to RM1.74
» CIMB Research maintains Outperform on My E.G, target price RM1.34
» CIMB Research maintains Outperform on Tomypak, ups target price to RM1.71
» CIMB Research maintains Outperform on Cypark, target price RM2.82
» CIMB Research maintains Outperform on Dialog, raises target price to RM3.46
» CIMB Research maintains Outperform on My E.G, target price RM1.34
» CIMB Research maintains Outperform on Tomypak, ups target price to RM1.71
» CIMB Research maintains Outperform on Cypark, target price RM2.82
» CIMB Research maintains Outperform on Dialog, raises target price to RM3.46
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|