Hock Seng Lee: Maintain Buy - First Valentine ' of the year
Date:
2012-02-14
Firm:
MAYBANK
Stock:
Price Target:
2.10
Price Call:
BUY
Last Price:
1.35
Upside/Downside:
+0.75 (55.56%)
Maintain Buy. Newsflow is improving and HSL's first job win for 2012 - a RM82.2m road construction sub-contract - has lifted its outstanding order book to RM1.08b (+8%). The stock still offers value at 9.7x 2012 earnings despite the share price having outperformed, up 30% year-to-date. We believe there is still upside potential for the stock, on the back of a pick-up in infrastructure construction activities in Sarawak this year. Maintain Buy with an unchanged RM2.10 target price.
Maybank Research 14 Feb 2012
Click here for full report
Maybank Research 14 Feb 2012
Click here for full report
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CS Tan
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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....
chia12122
potential going rise
2012-02-14 20:05