Bursa Malaysia Stock Watch

Multi-Purpose Holdings: Maintain Buy - No smoke without fire

kltrader
Publish date: Thu, 09 Feb 2012, 09:01 AM
kltrader
0 20,407
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.
More asset disposals to come? We understand that TheEdge report on Plaza Magnum (PM) potentially being sold is not without basis. Also, Multi-Purpose Holdings' (MPHB) 33% stake in Philippines Racing Club could be sold, and part of the proceeds may be distributed as special dividends. MPHB may also pay higher recurring dividends in 2012 after degearing. Earnings estimates trimmed by 6%-7% on higher tax rates. Maintain Buy with a lower RM3.54 SOP based TP (-3%).


Maybank Research 9 Feb 2012

Click here for full report
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment