Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 28 Mar 2014
Gamuda; Buy; RM4.64
Price Target: RM5.40; GAM MK
Appointed PDP for Line 2; key risk is WSIA for Splash
2Q14 profit in line; MRT Line 1 on track. Key risk: invoking WSIA for Splash. BUY, SOP-derived TP of RM5.40.
Telekom Malaysia; Fully Valued; RM6.20
Price Target: RM4.75; T MK
Moving into 4G
P1 investment a spectrum & infrastructure play. Potential synergies from integration but depreciation from P1 may impact near-term earnings. Maintain FULLY VALUED with RM4.75 TP.
Source: HwangDBS Research - 28 Mar 2014
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