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CIMB Research retains Outperform on Mah Sing
by hlk Mon 18 Jul 2011, 13:03
KUALA LUMPUR: CIMB Equities Research is retaining its Outperform recommendation on Mah Sing and its top pick in the property sector.
It said on Monday, July 18 that it is not making any changes to its earnings forecasts or target price of RM3.30, which is based on an unchanged target market price-to-earnings of 14.5 times.
“Potential re-rating catalysts include 1) this maiden launch, 2) continued strong sales and 3) aggressive landbanking newsflow in 2H,” it said.
It said on Monday, July 18 that it is not making any changes to its earnings forecasts or target price of RM3.30, which is based on an unchanged target market price-to-earnings of 14.5 times.
“Potential re-rating catalysts include 1) this maiden launch, 2) continued strong sales and 3) aggressive landbanking newsflow in 2H,” it said.
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