Stock Name: PUNCAK
Company Name: PUNCAK NIAGA HOLDINGS BHD
Company Name: PUNCAK NIAGA HOLDINGS BHD
| Research House: CIMB | Price Call: HOLD | Target Price: 1.45 |
Target RM1.45
Puncak's FY11 core net profit trumped our and consensus forecasts of core net losses. Though above expectations, the results are a non-event given the distortions from IC12. The focus remains on Selangor water
asset takeover prospects, which are still not promising.
asset takeover prospects, which are still not promising.
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