Stock Name: KPJ
Company Name: KPJ HEALTHCARE BHD
Company Name: KPJ HEALTHCARE BHD
| Research House: ECMLIBRA | Price Call: HOLD | Target Price: 4.96 |
Maintain HOLD, TP: RM4.96
We are positive on KPJ's long term prospects, asset light business model and defensive earnings. However, the stock growth trajectory is already reflected in its financials. Based on our forecast, the stock is trading at 23x FY12 and 20x FY13 FD EPS which appears rich compared to an average net profit growth of 12% pa over the next two years. Maintain HOLD with TP RM4.96 based on 22x FY12 FD EPS, in line with peers average.
No comments:
Post a Comment