March 27, 2012

UEM Land: In talks to enter India, Myanmar, Vietnam

Stock Name: UEMLAND
Company Name: UEM LAND HOLDINGS BHD
Research House: ECMLIBRAPrice Call: HOLDTarget Price: 2.25




UEM Land Holdings Bhd (UEML) (ULHB MK, Hold, TP: RM2.25) said it is still negotiating with certain parties on plans to enter India, Myanmar and Vietnam. MD and CEO Datuk Wan Abdullah Wan Ibrahim declined to divulge details on the negotiations, saying that the agreement is expected to be signed this year. "We are already talking to people [major developers] but until the agreement is inked, I cannot say anything," he said. Wan Abdullah added that UEML will look at other countries, wherever the opportunity arises. (Financial Daily) 


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