January 31, 2011

PLUS - OSK Research maintains Neutral on tolled road concessionaires

Stock Name: PLUS
Company Name: PLUS EXPRESSWAYS BHD
Research House: OSK

KUALA LUMPUR: OSK Research remains NEUTRAL on the tolled road concessionaires sector but highlights the potential regulatory risks involved.

'We advise investors to sell PLUS (NEUTRAL, TP: RM4.60) rather than to wait for the offer proceeds (+4.8% upside). Being the only pure toll concessionaire post PLUS' privatisation, Litrak (BUY, TP: RM4.22) could benefit should investors switch stocks,' it said on Monday, Jan 31.

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