Stock Name: LITRAK
Company Name: LINGKARAN TRANS KOTA HOLDINGS
Outperformed. RM70m 1HFY12 net profit (+26% YoY) made up 60% of our FY12 forecast. We however maintain our forecasts mindful of accounting adjustments in the final quarter relating to projected traffic flow at the LDP affecting amortisation. Litrak remains a Buy with a RM4.20 DCF-based TP. The stock offers defensive qualities with a 5.6% net yield, and a total return of 22% to our target price.
Maybank research (29 November 2011)
Click here for full report
Company Name: LINGKARAN TRANS KOTA HOLDINGS
| Research House: MAYBANK | Price Call: BUY | Target Price: 4.20 |
Outperformed. RM70m 1HFY12 net profit (+26% YoY) made up 60% of our FY12 forecast. We however maintain our forecasts mindful of accounting adjustments in the final quarter relating to projected traffic flow at the LDP affecting amortisation. Litrak remains a Buy with a RM4.20 DCF-based TP. The stock offers defensive qualities with a 5.6% net yield, and a total return of 22% to our target price.
Maybank research (29 November 2011)
Click here for full report
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