Bursa Malaysia Stock Watch

TA - Property projects to drive earnings

kltrader
Publish date: Wed, 21 Mar 2012, 02:09 PM
kltrader
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TA Enterprise; Buy; RM0.60
Price Target: RM1.10; TAE MK

FY12 results were below our expectations, due to weaker property development and broking income. Look forward to launches at its overseas projects, which could re-rate the stock. Maintain Buy and SOP-derived TP of RM1.10.

Source: HwangDBS Research 21 March 2012
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