Bursa Malaysia Stock Watch
IREKA - Ireka stock downgraded at Affin
kltrader
Publish date: Wed, 01 Sep 2010, 11:53 AM
kltrader
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Stock Name: IREKA
Company Name: IREKA CORPORATION BHD
Research House: AFFIN
Affin has downgraded its recommendation on Ireka to "add" and lowered its target price on the stock to RM0.86.
"Overall profit performance of the group is not expected to be impressive until Aseana Properties show a profit from 2012 provided there are no further sale of properties at a loss to realise cash flows," said Affin.
Company Name: IREKA CORPORATION BHD
Research House: AFFIN
Affin has downgraded its recommendation on Ireka to "add" and lowered its target price on the stock to RM0.86.
"Overall profit performance of the group is not expected to be impressive until Aseana Properties show a profit from 2012 provided there are no further sale of properties at a loss to realise cash flows," said Affin.
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