Stock Name: KPJ
Company Name: KPJ HEALTHCARE BHD
Near to fair level, downgrade to Hold. Since we initiated coverage on KPJ Healthcare on 30 November 2011, the stock has surged by 19.9% to its current share price of RM5.01, outperforming the KLCI by 12.5%. The stock price is currently near our target price of RM5.10. We downgrade our recommendation to Hold as we believe that stock valuation is reaching a fair level. With global economic conditions likely to remain uncertain at least in 1H12, now may be a good time for conservative investors to consider taking some profits off the table.
Maybank Research 17 Feb 2012
Click here for full report
Company Name: KPJ HEALTHCARE BHD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 5.10 |
Near to fair level, downgrade to Hold. Since we initiated coverage on KPJ Healthcare on 30 November 2011, the stock has surged by 19.9% to its current share price of RM5.01, outperforming the KLCI by 12.5%. The stock price is currently near our target price of RM5.10. We downgrade our recommendation to Hold as we believe that stock valuation is reaching a fair level. With global economic conditions likely to remain uncertain at least in 1H12, now may be a good time for conservative investors to consider taking some profits off the table.
Maybank Research 17 Feb 2012
Click here for full report
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