February 29, 2012

LANDMARKS - More clarity on Treasure Bay

Stock Name: LANDMRK
Company Name: LANDMARKS BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 2.45



Landmarks; Buy; RM1.08
Price Target: RM2.45 (Prev RM3.55); LMK MK

4Q11's RM3.1m net loss was worse-than-expected, despite the year-end holiday season. More clarity given on its Treasure Bay development. Maintain Buy with revised RM2.45 TP pegged to 0.7x FY12F BV.

Source: HwangDBS Research 29 Feb 2012

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