Be very careful. Rumours may not be true. Price movement do not reflect rumours. It should move with rumours and sell with news. Not the other way around
AffinHwang raises target price for Gabungan AQRS to RM1.62
theedgemarkets.com
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theedgemarkets.com
May 23, 2017 08:56 am MYT
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KUALA LUMPUR (May 23): AffinHwang Capital Research has maintained its “Buy” rating on Gabungan AQRS Bhd at RM1.44 with a higher target price of RM1.62 (from RM1.24) and said Gabungan AQRS’s net profit of RM16.1 million (+330% y-o-y) in 1Q17 was above house expectations.
In a note today, the research house said gains (after tax) of about RM11.8 million from the disposal of land in Dengkil and Kinrara Uptown lifted earnings in 1Q17.
“We expect the sale of land in Kota Damansara to contribute gains of RM11.7 million in 2H17.
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“We raise our FY17 EPS forecast by 53% to reflect the land-sale gains. Maintain Buy with higher RM1.62 target,” it said.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
minher
371 posts
Posted by minher > 2017-05-18 09:58 | Report Abuse
I jump in this morning at rm1.40.