Bursa Malaysia Stock Watch

UEMLAND - Impressive results

kltrader
Publish date: Wed, 29 Feb 2012, 11:49 AM
kltrader
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UEM Land Holdings; Hold; RM2.22
Price Target: RM2.30; ULHB MK

4Q11 earnings above expectations. RM1.9bn unbilled sales & RM4.5bn launch pipeline to provide earnings visibility, limited land sales until 2013. Maintain Hold and RM2.30 TP (40% discount to RNAV of RM3.82).

Source: HwangDBS Research 29 Feb 2012
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Jake

Worth holding for longer term price appreciation.

2012-02-29 12:35

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