Stock Name: TA
Company Name: TA ENTERPRISE BHD
Research House: HWANGDBS
Company Name: TA ENTERPRISE BHD
Research House: HWANGDBS
HwangDBS Vickers Research today maintained a "buy" call on TA Enterprise Bhd with a higher target price of RM1.40, given it potential to benefit from a robust stock market.
"With a five per cent market share in the broking industry, coupled with the progressive initiatives outlined in the Capital Market Master Plan 2, we believe TA Enterprise is poised for re-rating," it said in a note today.
During the previous stock market rally in 2007, average daily turnover value rose to a high of RM2.1 billion and the company's share price peaked at RM1.90.
As of noon break, TA Enterprise's share price was down one sen at 73.5 sen.
It also expects income derived from broking to rise to 36 per cent in the 2012 financial year from 30 per cent recorded in 2011.
"We also look forward to the unlocking of value of its prime landbank in Kuala Lumpur," it added. -- Bernama
"With a five per cent market share in the broking industry, coupled with the progressive initiatives outlined in the Capital Market Master Plan 2, we believe TA Enterprise is poised for re-rating," it said in a note today.
During the previous stock market rally in 2007, average daily turnover value rose to a high of RM2.1 billion and the company's share price peaked at RM1.90.
As of noon break, TA Enterprise's share price was down one sen at 73.5 sen.
It also expects income derived from broking to rise to 36 per cent in the 2012 financial year from 30 per cent recorded in 2011.
"We also look forward to the unlocking of value of its prime landbank in Kuala Lumpur," it added. -- Bernama
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