Affin Hwang Capital Research Highlights

Daiman Development - Cheapest Iskandar proxy

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Publish date: Thu, 04 Apr 2013, 09:33 AM
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This blog publishes research highlights from Affin Hwang Capital Research.

Daiman Development Bhd; Trading Buy
Fair Value: RM4.00; DD MK


Cheapest pure Iskandar play with enviable growth prospects and strong dividend track record. Deep value with 2,286-acres of under-appreciated land bank to leverage on Iskandar Malaysia’s success. Potential M&A candidate with 53% of market value in liquid assets (RM1.10/share). Fair value of RM4.00 based on 50% discount to RM7.94 RNAV (94% upside potential).

Source: HwangDBS Research - 4 Apr 2013

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hw0706

i do not see any from HDBS website on 04/04/2013

2013-04-04 09:55

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