Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 7 Jun 2013

kltrader
Publish date: Fri, 07 Jun 2013, 09:25 AM
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This blog publishes research highlights from Affin Hwang Capital Research.
Following Message

Hong Leong Financial Group; Buy; RM14.98
Price Target: RM18.80; HLFG MK
Privatisation in play

Initiate coverage with BUY rating and RM18.80 SOP-derived TP. Share price could fetch 30-40% premium based on previous privatisation bids for entities within the Hong Leong Group. Potential privatisation could create excitement in and re-rate HLFG; we believe HLB will remain listed as it is the key operating entity driving group profits and valuation.

Source: HwangDBS Research - 7 Jun 2013

HLFG (1082)
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