Stock Name: QCAPITA
Company Name: QUILL CAPITA TRUST
Defensive but not exciting yet. QCT's 2011 recurring net profit of RM34.3m (+5.4% YoY) was within our expectations. FY12 dividend yield forecast of 7.8% is above the industry average of 6.8%, but we see limited upside due to concerns on oversupply in the office market. Hold maintained, with an unchanged DCF-based TP of RM1.10.
Maybank research (19 January 2012)
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Company Name: QUILL CAPITA TRUST
| Research House: MAYBANK | Price Call: HOLD | Target Price: 1.10 |
Defensive but not exciting yet. QCT's 2011 recurring net profit of RM34.3m (+5.4% YoY) was within our expectations. FY12 dividend yield forecast of 7.8% is above the industry average of 6.8%, but we see limited upside due to concerns on oversupply in the office market. Hold maintained, with an unchanged DCF-based TP of RM1.10.
Maybank research (19 January 2012)
Click here for full report
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