Stock Name: UEMLAND
Company Name: UEM LAND HOLDINGS BHD
Company Name: UEM LAND HOLDINGS BHD
| Research House: ECMLIBRA | Price Call: HOLD | Target 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)
Source: ECM Newz Bits 27 March 2012
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