Affin Hwang Capital Research Highlights

Daiman Development - Cheapest Iskandar proxy

kltrader
Publish date: Thu, 04 Apr 2013, 09:33 AM
kltrader
0 20,630
This blog publishes research highlights from Affin Hwang Capital Research.

Daiman Development Bhd; Trading Buy
Fair Value: RM4.00; DD MK


Cheapest pure Iskandar play with enviable growth prospects and strong dividend track record. Deep value with 2,286-acres of under-appreciated land bank to leverage on Iskandar Malaysia’s success. Potential M&A candidate with 53% of market value in liquid assets (RM1.10/share). Fair value of RM4.00 based on 50% discount to RM7.94 RNAV (94% upside potential).

Source: HwangDBS Research - 4 Apr 2013

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 1 of 1 comments

hw0706

i do not see any from HDBS website on 04/04/2013

2013-04-04 09:55

Post a Comment