Bursa Alert
Global Market
NewsBIMB Securities upgrades Kimlun to Buy, target price RM2.20
Page 1 of 1
BIMB Securities upgrades Kimlun to Buy, target price RM2.20
by Cals Thu 22 Aug 2013, 09:34
BIMB Securities upgrades Kimlun to Buy, target price RM2.20
Business & Markets 2013
Written by theedgemalaysia.com
Thursday, 22 August 2013 09:29
KUALA LUMPUR (Aug 22): BIMB Securities Research has upgraded Kimlun Corporation Bhd to a Buy at RM1.97 with a target price of RM2.20 after Kimlun received a letter of award from Wealthy Growth SB, a subsidiary of IOI Properties Bhd for building CONSTRUCTION [] in Johor.
In a note Thursday, the research house said it was positive with the contract win but not surprises as it had presumed the orderbook replenishment of about RM700 million for this year.
“Hence, no change to our earnings projection.
“We maintained our Target Price at RM2.20 based on PER of 9.2x to its FY14 EPS and upgrade to Buy,” it said.
Business & Markets 2013
Written by theedgemalaysia.com
Thursday, 22 August 2013 09:29
KUALA LUMPUR (Aug 22): BIMB Securities Research has upgraded Kimlun Corporation Bhd to a Buy at RM1.97 with a target price of RM2.20 after Kimlun received a letter of award from Wealthy Growth SB, a subsidiary of IOI Properties Bhd for building CONSTRUCTION [] in Johor.
In a note Thursday, the research house said it was positive with the contract win but not surprises as it had presumed the orderbook replenishment of about RM700 million for this year.
“Hence, no change to our earnings projection.
“We maintained our Target Price at RM2.20 based on PER of 9.2x to its FY14 EPS and upgrade to Buy,” 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» BIMB Securities Upgrades Kimlun to Buy, target price RM2.03
» BIMB Securities upgrades Xin Hwa to 'buy', target price RM1.14
» BIMB Securities upgrades WCT to Buy, target price RM2.41
» BIMB Securities upgrades UMWOG to Buy, target price RM4.31
» BIMB Securities upgrades Gas Malaysia to Buy, ups target price to RM3.75
» BIMB Securities upgrades Xin Hwa to 'buy', target price RM1.14
» BIMB Securities upgrades WCT to Buy, target price RM2.41
» BIMB Securities upgrades UMWOG to Buy, target price RM4.31
» BIMB Securities upgrades Gas Malaysia to Buy, ups target price to RM3.75
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum