Gas Malaysia Berhad - A child is born
Date:
2012-06-25
Firm:
CIMB
Stock:
Price Target:
2.84
Price Call:
BUY
Last Price:
3.78
Upside/Downside:
-0.94 (24.87%)
Target RM2.84 (Long Term: Out Perform)
Gas Malaysia boasts a monopoly of natural gas supply to Peninsular Malaysia's small and medium users. It is tapping into additional gas supply from new regas terminals (RGT), including the recently secured 29% increase in gas supply from Petronas beginning next year. Our DDM-based target price is based on a 6% cap rate and 2% terminal growth rate (TGR). We initiate coverage with an Outperform rating. Announcement of more RGT projects in Johor and Kerteh plus clarity on Malaysia's LNG pricing mechanism will catalyse the stock.
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CS Tan
4.9 / 5.0
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....
Matjadi Jadi
hmm..gud
2012-06-26 16:06