Stock Name: MPHB
Company Name: MULTI-PURPOSE HOLDINGS BHD
Buy now or forever hold your peace. Multi-Purpose Holdings (MPHB) disposed 13% of Philippine Racing Club (PRC PM, Not Rated) for RM51.6m cash. This is reaffirmation of its commitment to dispose non-core assets, degear its balance sheet and pay more dividends going forward. We raise our TP from RM3.54 to RM3.82 as we roll forward our SOP based valuation. Maintain Buy.
Maybank Research 13 Feb 2012
Click here for full report
Company Name: MULTI-PURPOSE HOLDINGS BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 3.82 |
Buy now or forever hold your peace. Multi-Purpose Holdings (MPHB) disposed 13% of Philippine Racing Club (PRC PM, Not Rated) for RM51.6m cash. This is reaffirmation of its commitment to dispose non-core assets, degear its balance sheet and pay more dividends going forward. We raise our TP from RM3.54 to RM3.82 as we roll forward our SOP based valuation. Maintain Buy.
Maybank Research 13 Feb 2012
Click here for full report
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