Bursa Malaysia Stock Watch

GUANCHG - Seeking better valuations

kltrader
Publish date: Tue, 10 Apr 2012, 09:46 AM
kltrader
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Guan Chong; Buy; RM2.79
Fair Value: RM3.20; GUAN MK

Propose secondary listing in Singapore and a 2-for-1 bonus issue. Near-term EPS dilution of 3%-9% but stock may command higher valuation. Maintain Buy with higher TP of RM3.20 (based on CY12 FD PE of 10x).

Source: HwangDBS Research - 10 April 2012
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