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Malaysian Building Society Making continued progress

kiasutrader
Publish date: Fri, 24 Aug 2012, 11:17 AM
OUTPERFORM
Target Price: RM2.70

Malaysian Building Society Berhad (MBSB) is continuing the process of restructuring its legacy NPLs with its latest announcement on the proposed disposal of a plot of commercial land together with an abandoned shopping mall in Johor Bharu for a cash consideration of RM180m. We view the continuous restructuring effort as a positive boost for the stock. We are reiterating our OUTPERFORM rating on MBSB with an unchanged target price RM2.70.

Source: Kenanga
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Be the first to like this. Showing 4 of 4 comments

jtpc2006

MBSB, TP 2.70, outperform, Kenanga.

2012-08-24 11:59

usry

now down to RM2.36 level..

2012-08-27 12:24

Alfred Aun

Do you think now is the right time to purchase this counter?

2012-08-27 12:38

usry

today RM2.31..i think we wait until rm2.00 (if 1 day drop 5 cents than next week it price will go to RM2.20 - RM2.00..)

2012-08-28 14:26

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