March 21, 2012

TA - Property projects to drive earnings

Stock Name: TA
Company Name: TA ENTERPRISE BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 1.10



TA Enterprise; Buy; RM0.60
Price Target: RM1.10; TAE MK

FY12 results were below our expectations, due to weaker property development and broking income. Look forward to launches at its overseas projects, which could re-rate the stock. Maintain Buy and SOP-derived TP of RM1.10.

Source: HwangDBS Research 21 March 2012

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