Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


BIMB Securities Upgrades Kimlun to Buy, target price RM2.03

Bursa Community :: Community News

Go down

BIMB Securities Upgrades Kimlun to Buy, target price RM2.03 Empty BIMB Securities Upgrades Kimlun to Buy, target price RM2.03

Post by Cals Thu 02 Jan 2014, 09:09

BIMB Securities Upgrades Kimlun to Buy, target price RM2.03
Business & Markets 2013
Written by theedgemalaysia.com   
Thursday, 02 January 2014 08:55

KUALA LUMPUR (Jan 2): BIMB Securities Research has upgraded Kimlun Corporation Bhd to a Buy at RM1.83 with a target price of RM2.03 after Kimlun Corp received a letter of award from Country View Bhd for the building construction job worth about RM115.45 million on Dec 31.
In a note Thursday, the research house said it was positively surprised with the contract win as it came in on a very last day of 2013.
“As such, we reckon this project is part of our orderbook assumption for FY14. Hence, we made no changes to our earnings revision.
“Nonetheless, we upgrade our recommendation to Buy following the recent selldown on the stock with an unchanged target price of RM2.03 based on PER of 11.1x,” it said.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male 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 I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum