MKH Bhd; Buy; RM2.62
Price target: RM5.40; MKH MK
Diamond in the rough
Fastest-growing yet cheapest plantation proxy. Largest beneficiary of value-enhancing MRT stations in Kajang. Multi-year re-rating on the horizon, with deep value proposition at 5x FY15F PE. Initiate coverage with BUY rating and RM5.40 SOP-derived TP, implying 101% upside
Source: HwangDBS Research - 2 Jan 2014
jenn123
double up
2014-01-02 16:06