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!


RHB Research maintains Buy on Tropicana, ups fair value to RM2.30

Bursa Community :: Community News

Go down

RHB Research maintains Buy on Tropicana, ups fair value to RM2.30 Empty RHB Research maintains Buy on Tropicana, ups fair value to RM2.30

Post by Cals Fri 09 May 2014, 20:14

RHB Research maintains Buy on Tropicana, ups fair value to RM2.30
Business & Markets 2014
Written by theedgemalaysia.com   
Friday, 09 May 2014 08:00

KUALA LUMPUR (May 9): RHB Research has maintained its Buy rating on Tropicana Corporation Bhd with a higher fair value (FV) of RM2.30 (from RM2.27) after Tropicana announced the disposal of its 3.14-acre land in Bukit Bintang to a 70:30 JV company to be set up between China’s Agile Property and Tropicana.

In a note Friday, the research house said the net gain from disposal was RM101.5 million.

“The JV company will undertake the development of the land, which we estimate to have a GDV of about RM1 billion.

“Maintain Buy with FV revised slightly to RM2.30 (from RM2.27),” 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