Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 13 Dec 2013

kltrader
Publish date: Fri, 13 Dec 2013, 09:15 AM
kltrader
0 20,424
This blog publishes research highlights from Affin Hwang Capital Research.

SP Setia; Hold; RM3.09
Price target: RM3.50; SPSB MK
Record sales

Results in line; earnings visibility from record unbilled sales. RM8.2b property sales 50% above target; more cautious outlook after recent tightening measures. Maintain HOLD rating and SOP-based TP of RM3.50.

TA Enterprise; Buy; RM0.77
Price target: RM1.00; TAE MK
Lifted by lower taxes

Net profit was lifted by lower taxes and MI. EBIT was within our expectation. Hotel business continued to drive earnings. Property and stockbroking income remained soft. Maintain BUY and RM1.00 TP.

Source: HwangDBS Research - 13 Dec 2013

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment