February 9, 2012

Boustead Holdings - Gearing up for a bumper year

Stock Name: BSTEAD
Company Name: BOUSTEAD HOLDINGS BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 7.30



Boustead Holdings; Buy; RM5.48
Price target: RM7.30 (Prev RM6.60); BOUS MK

Bumper year in 2012, upside for plantations. Works at Cochrane have started, 75-80% committed tenancies. Buy, raising TP to RM7.30.

Source: HwangDBS Equity Research

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