Stock Name: KIMLUN
Company Name: KIMLUN CORPORATION BERHAD
Research House: OSK
KUALA LUMPUR: OSK Research has initiated coverage on Kimlun with a BUY rating and RM2.34 TP (+34% upside) based on 12x mid CY12 earnings.
It said on Friday, Jan 28 that Kimlun's orderbook comprises fast-track jobs and has a clientele of reputable developers.
'Its use of the IBS (integrated building systems) CONSTRUCTION [] method gives it an advantage over traditional construction. Our proposition for the stock centers on three themes: Iskandar exposure, Singapore MRT expansion and the KL MRT. Kimlun is our top sector pick for small cap contractors,' OSK Research said.
Company Name: KIMLUN CORPORATION BERHAD
Research House: OSK
KUALA LUMPUR: OSK Research has initiated coverage on Kimlun with a BUY rating and RM2.34 TP (+34% upside) based on 12x mid CY12 earnings.
It said on Friday, Jan 28 that Kimlun's orderbook comprises fast-track jobs and has a clientele of reputable developers.
'Its use of the IBS (integrated building systems) CONSTRUCTION [] method gives it an advantage over traditional construction. Our proposition for the stock centers on three themes: Iskandar exposure, Singapore MRT expansion and the KL MRT. Kimlun is our top sector pick for small cap contractors,' OSK Research said.
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