Stock Name: HELP
Company Name: HELP INTERNATIONAL CORPORATION
OSK Research is maintaining a neutral
call on HELP International Corporation Bhd, despite its wholly-owned subsidiary,
HELP University College, being upgraded to the status of a full-fledged
university.
"We are not entirely surprised with the announcement as the management had
earlier indicated that it had submitted an application to the Ministry of Higher
Education for an upgrade to university status," the research house said in a
research note today. Nevertheless, OSK Research welcomed the move as the recognition is deemed as
an acknowledgement and mark of the quality of HELP University College. It is also revising its fair value to RM2.38 based on an increasingly
conservative stance in view of the current weakness in the equity markets amid
renewed concerns over an anemic global economic growth. OSK Research also remained wary of a potential equity dilution to fund
the RM150-RM200 million capital expenditure (CAPEX) allocated for HELP's
proposed Subang 2 campus in Sungai Buloh. --Bernama
Company Name: HELP INTERNATIONAL CORPORATION
| Research House: OSK | Price Call: HOLD | Target Price: 2.38 |
OSK Research is maintaining a neutral
call on HELP International Corporation Bhd, despite its wholly-owned subsidiary,
HELP University College, being upgraded to the status of a full-fledged
university.
"We are not entirely surprised with the announcement as the management had
earlier indicated that it had submitted an application to the Ministry of Higher
Education for an upgrade to university status," the research house said in a
research note today. Nevertheless, OSK Research welcomed the move as the recognition is deemed as
an acknowledgement and mark of the quality of HELP University College. It is also revising its fair value to RM2.38 based on an increasingly
conservative stance in view of the current weakness in the equity markets amid
renewed concerns over an anemic global economic growth. OSK Research also remained wary of a potential equity dilution to fund
the RM150-RM200 million capital expenditure (CAPEX) allocated for HELP's
proposed Subang 2 campus in Sungai Buloh. --Bernama
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