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NewsRHB Research maintains buy on Pintaras, raises fair value to RM4.88
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RHB Research maintains buy on Pintaras, raises fair value to RM4.88
by Cals Fri 27 Jun 2014, 00:25
| RHB Research maintains buy on Pintaras, raises fair value to RM4.88 |
| Business & Markets 2014 |
| Written by theedgemalaysia.com |
| Thursday, 26 June 2014 08:34 KUALA LUMPUR (June 26): RHB Research has maintained its Buy rating on Pintaras Jaya Bhd at RM4.38 with a higher fair value (FV) of RM4.88 (from RM4.61) and said it was trimming its FY15 EPS forecast by 4% (dilution from ESOS shares) for Pintaras but raised its FV by 6% to RM4.88 (from RM4.61) after increasing its target P/E to 13x (from 12x) to factor in the improving investability of the stock. In a note Thursday, the research house said Pintaras Jaya is a good proxy to the buoyant piling segment backed by the Klang Valley MRT project, a proliferation of high-rise developments and capacity shortage – which should boost piling rates. |
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