Stock Name: SUNWAY
Company Name: SUNWAY BERHAD
In line. Sunway's RM226m 9M11 core net profit accounted for 72-80% of our full-year estimates and consensus. The formalization of Bank Negara's prudent lending guidelines removes the uncertainties in the market pertaining to policy risk. We hence raise our TP to RM2.28 on a reduced 40% discount (50% previously) to RNAV. Maintain Hold.
Maybank research (25 November 2011)
Click here for full report
Company Name: SUNWAY BERHAD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 2.28 |
In line. Sunway's RM226m 9M11 core net profit accounted for 72-80% of our full-year estimates and consensus. The formalization of Bank Negara's prudent lending guidelines removes the uncertainties in the market pertaining to policy risk. We hence raise our TP to RM2.28 on a reduced 40% discount (50% previously) to RNAV. Maintain Hold.
Maybank research (25 November 2011)
Click here for full report
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