Stock Name: HUAYANG
Company Name: HUA YANG BHD
TA Securities raised its target price on property developer Hua Yang Bhd to RM2.63 per share from RM2.10 on expectations the Malaysian government will introduce incentives for home buyers in the 2013 budget.
"We will continue to see high demand for Hua Yang's products should the government provide more incentives to first-time home buyers," TA said in a research note on Tuesday.
The research house kept its "buy" call on the stock.
Hua Yang's shares gained 1.1 percent against the Malaysian benchmark stock index's 0.4 percent rise. -- Reuters
Company Name: HUA YANG BHD
Research House: TA | Price Call: BUY | Target Price: 2.63 |
TA Securities raised its target price on property developer Hua Yang Bhd to RM2.63 per share from RM2.10 on expectations the Malaysian government will introduce incentives for home buyers in the 2013 budget.
"We will continue to see high demand for Hua Yang's products should the government provide more incentives to first-time home buyers," TA said in a research note on Tuesday.
The research house kept its "buy" call on the stock.
Hua Yang's shares gained 1.1 percent against the Malaysian benchmark stock index's 0.4 percent rise. -- Reuters
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