January 12, 2011

FABER - Buy Faber Group: MIDF

Stock Name: FABER
Company Name: FABER GROUP BHD
Research House: MIDF

MIDF Research has reiterated its "buy" recommendation on Faber Group Bhd with the target price unchanged at RM3.60 despite the renewal risk of Faber's Hospital Support Services (HSS) concession in Sabah and Sarawak.

It said the unchanged target price was based on Sum-of-Parts (SOP) valuation with an implied price earning ratio of 12.2 times and estimated financial year 2011 earnings-per-share growth of 12.5 per cent. - Bernama

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