Bursa Malaysia Stock Watch
PLUS - PLUS a 'buy' at RM4.84: OSK
kltrader
Publish date: Tue, 21 Sep 2010, 05:39 PM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Stock Name: PLUS
Company Name: PLUS EXPRESSWAYS BHD
Research House: OSK
OSK Research is maintaining a "buy" recommendation and has forecast a target price (TP) of RM4.84 for Plus Expressways Bhd (PLUS), against RM4.57 previously, after the company secured a tender from the National Highway Authority of India to build a four-lane highway in Gujarat.
"Our TP is, however, raised as we narrow our discount to the Free Cash Flow to Equity Valuation from 15 per cent to 10 per cent at an unchanged 9.2 per cent equity cost," said the research firm in a research note today.
OSK also said it continued to favour PLUS for its defensive qualities and decent yields. -- Bernama
Company Name: PLUS EXPRESSWAYS BHD
Research House: OSK
OSK Research is maintaining a "buy" recommendation and has forecast a target price (TP) of RM4.84 for Plus Expressways Bhd (PLUS), against RM4.57 previously, after the company secured a tender from the National Highway Authority of India to build a four-lane highway in Gujarat.
"Our TP is, however, raised as we narrow our discount to the Free Cash Flow to Equity Valuation from 15 per cent to 10 per cent at an unchanged 9.2 per cent equity cost," said the research firm in a research note today.
OSK also said it continued to favour PLUS for its defensive qualities and decent yields. -- Bernama
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
3
save malaysia!
4
5
7
8
AmInvest Research Reports
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
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....
