Stock Name: MPHB
Company Name: MULTI-PURPOSE HOLDINGS BHD
Still a Buy. Multi-Purpose Holdings' (MPHB) 9M11 results were below expectations but this was largely due to a higher than expected tax rate of 24% (versus our expectation of 20%). Going forward, its operations are expected to remain stable. We still like MPHB (RM3.64 target price) for its cheap valuations (<10x PERs) and potential for special dividends and stronger recurring dividends post the disposal of non-core assets.
Maybank research (24 November 2011)
Click here for full report
Company Name: MULTI-PURPOSE HOLDINGS BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 3.64 |
Still a Buy. Multi-Purpose Holdings' (MPHB) 9M11 results were below expectations but this was largely due to a higher than expected tax rate of 24% (versus our expectation of 20%). Going forward, its operations are expected to remain stable. We still like MPHB (RM3.64 target price) for its cheap valuations (<10x PERs) and potential for special dividends and stronger recurring dividends post the disposal of non-core assets.
Maybank research (24 November 2011)
Click here for full report
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