January 26, 2015

AllianceDBS Research reiterates "Buy" rating on MKH at RM2.71

Stock Name: MKH
Company Name: MKH BERHAD
Research House: ALLIANCEPrice Call: BUYTarget Price: 2.71



KUALA LUMPUR: AllianceDBS Research has reiterated its "buy" rating on property developer MKH Bhd at RM2.71, on the back of high unbilled property sales and strong oil palm plantation production growth.

The research house said MKH's unbilled sales were at a record high of RM823 million last year.

"This will underpin strong earnings visibility over the next two years," it said in a note here.

At 12.30 pm, the stock rose two sen to RM2.74 with 396,000 lots traded, after opening at RM2.69 today.

Meanwhile, AllianceDBS Research said MKH aims to secure RM850 million in sales this year, on the back of launches of RM1.3 billion.

It said the company's strong plantation earnings growth remained intact as the favourable age profile of palms offset the subdued CPO price.

- Bernama

January 25, 2015

Fairer skies ahead

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: MIDFPrice Call: BUYTarget Price: 3.70



January 21, 2015

January 20, 2015

January 19, 2015