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NewsRHB Research maintains Buy on Cahya Mata Sarawak, raise fair value to RM4.55
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RHB Research maintains Buy on Cahya Mata Sarawak, raise fair value to RM4.55
by Cals Tue 22 Jul 2014, 01:25
RHB Research maintains Buy on Cahya Mata Sarawak, raise fair value to RM4.55
Business & Markets 2014
Written by theedgemalaysia.com
Monday, 21 July 2014 10:42
KUALA LUMPUR (July 21): RHB Research has maintained its Buy rating on Cahya Mata Sarawak Bhd (CMS) at RM3.95 with a higher fair value of RM4.55 (from RM4.06) and said CMS was an excellent proxy to the Sarawak Corridor of Renewable Energy (SCORE).
In a note Monday, the research house said the company’s OMS associate and phosphate project under MPA were making good progress, and look set to benefit from attractive power tariffs.
“In view of the improved stock liquidity following its recently-concluded bonus-cum-share split exercise, we revise up our sum-of-parts-based fair value to RM4.55 (from RM4.06). Maintain Buy,” it said.
Business & Markets 2014
Written by theedgemalaysia.com
Monday, 21 July 2014 10:42
KUALA LUMPUR (July 21): RHB Research has maintained its Buy rating on Cahya Mata Sarawak Bhd (CMS) at RM3.95 with a higher fair value of RM4.55 (from RM4.06) and said CMS was an excellent proxy to the Sarawak Corridor of Renewable Energy (SCORE).
In a note Monday, the research house said the company’s OMS associate and phosphate project under MPA were making good progress, and look set to benefit from attractive power tariffs.
“In view of the improved stock liquidity following its recently-concluded bonus-cum-share split exercise, we revise up our sum-of-parts-based fair value to RM4.55 (from RM4.06). Maintain Buy,” it said.
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