Bursa Malaysia Stock Watch

AEON ' Five New Malls By 2014

kltrader
Publish date: Tue, 10 Apr 2012, 11:39 AM
kltrader
0 20,641
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.
AEON ' Five New Malls By 2014                          Market Perform (Upgraded)
Visit Note
''       AEON expects to open another outlet in Dec 2012 in Sri Manjung. The mall would be leased from the developer and have total net lettable area of 400k sq ft. Further ahead, we understand that AEON has plans to open one mall in 2013, although no details on location were given. In 2014, AEON expects to open three new malls, i.e. Kulai, Sg. Petani and Bukit Mertajam.
''       We raise our fair value to RM10.40 (from RM8.90) based on a new target PER of 16x FY12 EPS (from 14x FY12 EPS previously). We upgrade our call on the stock to Market Perform.

Source: RHB Research - 10 April 2012
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment