Bursa Alert
Global Market
NewsMaybank IB Research starts coverage on Oldtown, target price RM3.55
Page 1 of 1
Maybank IB Research starts coverage on Oldtown, target price RM3.55
by Cals Mon 19 Aug 2013, 10:25
Maybank IB Research starts coverage on Oldtown, target price RM3.55
Business & Markets 2013
Written by theedgemalaysia.com
Monday, 19 August 2013 09:27
KUALA LUMPUR (Aug 19): Maybank IB Research has initiated coverage on Oldtown Bhd at RM2.89 with a Buy rating and a target price of RM3.55 and said it projects strong earnings growth for Oldtown over the next three years at 18% CAGR, driven by stable domestic sales and rapid overseas expansion for both its café and beverage manufacturing businesses.
In a note Monday, the research house said Oldtown’s stock valuations were still undemanding relative to peers, considering the group’s much stronger fundamentals and the scarcity and stability of its integrated business model.
“We initiate coverage on Oldtown with a Buy recommendation and target price of MYR3.55 (23% upside), based on 21x CY14 PER.
Business & Markets 2013
Written by theedgemalaysia.com
Monday, 19 August 2013 09:27
KUALA LUMPUR (Aug 19): Maybank IB Research has initiated coverage on Oldtown Bhd at RM2.89 with a Buy rating and a target price of RM3.55 and said it projects strong earnings growth for Oldtown over the next three years at 18% CAGR, driven by stable domestic sales and rapid overseas expansion for both its café and beverage manufacturing businesses.
In a note Monday, the research house said Oldtown’s stock valuations were still undemanding relative to peers, considering the group’s much stronger fundamentals and the scarcity and stability of its integrated business model.
“We initiate coverage on Oldtown with a Buy recommendation and target price of MYR3.55 (23% upside), based on 21x CY14 PER.
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» Maybank IB Research starts coverage on AFG, target price RM5.50
» Maybank IB Research starts coverage on UMW Oil & Gas, target price RM4.80
» Kenanga IB Research starts coverage on Maybulk, target price RM2.53
» HLIB Research starts coverage on Mitrajaya,target price RM1.52
» MIDF Research starts coverage on Tune Ins, target price RM2.12
» Maybank IB Research starts coverage on UMW Oil & Gas, target price RM4.80
» Kenanga IB Research starts coverage on Maybulk, target price RM2.53
» HLIB Research starts coverage on Mitrajaya,target price RM1.52
» MIDF Research starts coverage on Tune Ins, target price RM2.12
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum