Stock Name: NAIM
Company Name: NAIM HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: OSK Research maintains a Buy on Naim Holdgings Bhd with a target price of RM4.21, based on the second stage sum-of-parts.
"We continue to view Naim as a good proxy for the thematic Sarawak state elections play (polls expected to be held early-mid 2011)," it said in a research note on Monday, March 15.
Last Friday, Naim had entered into a Memorandum of Understanding (MOU) with the General Board of Privatisation & Investment (GBPI) of Libya.
The MOU is for both parties to work together to come up with a concept for the development of a parcel of land (100 ha) situated about 30km from the Tripoli City Centre in Libya.
"We continue to like Naim's efforts to diversify geographically out of Sarawak. Last year the company had secured two road projects in Fiji. For this recent MOU, we do not discount the possibility of a JV being set up between Naim and Libya in which Naim will hold an associate stake. Under this framework, the JV would then award some of the CONSTRUCTION [] packages back to Naim," it said.
The development is known as the Solar Oasis Science and Business Park (Solar Oasis). The development will mainly be commercial in nature. Facilities such as an exhibition centre, conference centre, workshops, recreation club houses, office buildings, business centre, transportation links, parks, utilities and medical services will be constructed in the Solar Oasis.
Company Name: NAIM HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: OSK Research maintains a Buy on Naim Holdgings Bhd with a target price of RM4.21, based on the second stage sum-of-parts.
"We continue to view Naim as a good proxy for the thematic Sarawak state elections play (polls expected to be held early-mid 2011)," it said in a research note on Monday, March 15.
Last Friday, Naim had entered into a Memorandum of Understanding (MOU) with the General Board of Privatisation & Investment (GBPI) of Libya.
The MOU is for both parties to work together to come up with a concept for the development of a parcel of land (100 ha) situated about 30km from the Tripoli City Centre in Libya.
"We continue to like Naim's efforts to diversify geographically out of Sarawak. Last year the company had secured two road projects in Fiji. For this recent MOU, we do not discount the possibility of a JV being set up between Naim and Libya in which Naim will hold an associate stake. Under this framework, the JV would then award some of the CONSTRUCTION [] packages back to Naim," it said.
The development is known as the Solar Oasis Science and Business Park (Solar Oasis). The development will mainly be commercial in nature. Facilities such as an exhibition centre, conference centre, workshops, recreation club houses, office buildings, business centre, transportation links, parks, utilities and medical services will be constructed in the Solar Oasis.
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