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Hot Stock Litrak rises 2.16% on toll charges revision
by Cals Wed 14 Oct 2015, 01:45
- Hot Stock
[size=28]Litrak rises 2.16% on toll charges revision
By Surin Murugiah / theedgemarkets.com | October 13, 2015 : 9:33 AM MYTKUALA LUMPUR (Oct 12): Shares in Lingkaran Trans Kota Holdings Bhd (Lityrak) ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 2.00) rose in early trade today after toll hikes were announced for the LDP and SPRINT highways.
At 9,10am, Litrak rose 2.16% or 11 sen to RM522 with 54,700 shares done.
In a note today, MIDF Research maintained its “buy” rating on Litrak with a higher target price of RM5.84.
“Positive for LDP due to faster cash receipts, highly beneficial for 50% owned SPRINT highway.
“Maintain 'buy' with higher target price of RM5.84,” it said.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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