Bursa Malaysia; Buy (Upgrade from Fully Valued); RM7.55
Price Target: RM10.10 (Prev 6.20); BURSA MK
Unleashing its potential
Upgrade to BUY with new DDM-based RM10.10 TP. Stock is a high conviction pick. Structural changes in fees and cost could lift FY15F earnings by 20%, TP to RM13.30 and yields to 5.5%. GST could be opportunity to spur retail participation that could lead to higher velocity and valuations.
Source: HwangDBS Research - 7 Oct 2013
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Created by kltrader | Jan 03, 2023
Created by kltrader | Sep 30, 2022