Guocoland - Ripe for re-rating

Date: 
2013-04-16
Firm: 
HWANGDBS
Stock: 
GUOCO
Price Target: 
1.45
Price Call: 
TRADING BUY
Last Price: 
0.715
Upside/Downside: 
+0.735 (102.80%)

Guocoland; Trading Buy
Fair Value: RM1.45; GUOL MK

Prime RM2bn Damansara City will be a game changer, boosting earnings growth and to pare down high gearing. Mass residential projects in Rawang and Sungai Buloh supported by robust local demand; RM48bn Sepang International City to underpin future growth. Attractive valuation (68% discount to RNAV, 0.86x P/BV on depressed historical value), potential privatization candidate. Fair value of RM1.45 based on 50% discount to RNAV of RM2.86, implying 45% upside potential.

Source: HwangDBS Research - 16 Apr 2013

Discussions
1 person likes this. Showing 2 of 2 comments

feifun

another undervalue property stock, member of Hong Leong Group

2013-05-29 14:46

puvan5

hope this counter will move up as it seem to be stagnant.

2013-07-05 17:55

Post a Comment