Bursa Malaysia Stock Watch

KLCC Property: Maintain Buy The Two Towers

kltrader
Publish date: Fri, 29 Jun 2012, 09:38 AM
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Unlocking deep value. We are excited about the potential REIT-ing of KLCCP's prime assets, which would give an immediate boost to its deeply-discounted valuation. KLCCP currently trades at discounts of 22.5% and 32% to its FD NTA and our FD RNAV, respectively. We maintain our earnings forecasts but raise our RNAV estimate by 126sen to MYR6.38, also our new TP. KLCCP is our top BUY in the property sector.

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Source: Maybank Research - 29 June 2012
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