Stock Name: AEON
Company Name: AEON CO. (M) BHD
Positive, for continuous organic growth. AEON Co.'s recent land transaction at Kulai, Johor, which should be near the newly opened Johor Premium Outlet (JPO), is positive for its provides an organic growth to the group which already has a good reach in the Klang Valley. We maintain our forecasts and PER based RM7.90 target price (14x 2012) as earnings contribution will be beyond 2013. AEON Co. is our top pick for consumer sector. Maintain Buy.
Maybank research (22 December 2011)
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Company Name: AEON CO. (M) BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 7.90 |
Positive, for continuous organic growth. AEON Co.'s recent land transaction at Kulai, Johor, which should be near the newly opened Johor Premium Outlet (JPO), is positive for its provides an organic growth to the group which already has a good reach in the Klang Valley. We maintain our forecasts and PER based RM7.90 target price (14x 2012) as earnings contribution will be beyond 2013. AEON Co. is our top pick for consumer sector. Maintain Buy.
Maybank research (22 December 2011)
Click here for full report
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