Bursa Alert
Global Market
NewsM&A Securities Research keeps Buy on Takaful, FV RM5.44
Page 1 of 1
M&A Securities Research keeps Buy on Takaful, FV RM5.44
by hlk Fri 15 Jun 2012, 10:01
KUALA LUMPUR: M&A Securities Research is maintaining its Buy call on Syarikat Takaful Malaysia with a fair value of RM5.44.
It
said on Thursday, its FV of RM5.44 was based on its earnings per share
for FY2012 of 61 sen multiplied by its peers average price-to-earnings
FY12 multiple of 8.91 times and discounted by 30%.
It was commenting on the news report that Takaful Malaysia Bhd
is close to concluding an overseas investment deal specifically in the
UK property market which would mark its foray into overseas property
investments.
The depreciation of the British pound and a
devalued market is a few of the factors that make investment in London
attractive. This was one of the key factors and reasons of Takaful
Malaysia's property investment in the UK.
Takaful Malaysia is
also moving ahead to set up a unit in the Labuan International Offshore
Financial Centre (IOFC) where the special purpose vehicle would hold
its overseas property investment.
It
said on Thursday, its FV of RM5.44 was based on its earnings per share
for FY2012 of 61 sen multiplied by its peers average price-to-earnings
FY12 multiple of 8.91 times and discounted by 30%.
It was commenting on the news report that Takaful Malaysia Bhd
is close to concluding an overseas investment deal specifically in the
UK property market which would mark its foray into overseas property
investments.
The depreciation of the British pound and a
devalued market is a few of the factors that make investment in London
attractive. This was one of the key factors and reasons of Takaful
Malaysia's property investment in the UK.
Takaful Malaysia is
also moving ahead to set up a unit in the Labuan International Offshore
Financial Centre (IOFC) where the special purpose vehicle would hold
its overseas property investment.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» RHB Research maintains Buy on Syarikat Takaful M’sia, raises fair value to RM15
» Takaful Ehsan eyes 10pc of takaful industry
» BIMB Securities Research downgrades Scomi Energy to Sell
» Strategy Local bourse may see uplift in 4Q, says BIMB Securities Research
» Takaful Malaysia listed as OSK top 5
» Takaful Ehsan eyes 10pc of takaful industry
» BIMB Securities Research downgrades Scomi Energy to Sell
» Strategy Local bourse may see uplift in 4Q, says BIMB Securities Research
» Takaful Malaysia listed as OSK top 5
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum