Stock Name: KSL
Company Name: KSL HOLDINGS BHD
TA Securities downgraded property developer KSL Holdings Berhad to "hold" from "buy" and lowered its target price to RM1.56 from RM1.78 based on weak sales forecasts and lagging development projects.
TA said in a note to clients that the delayed approval for KSL's inner city project, Jalan Madge, and changes in target launch date for the upcoming property phases in Bandar Bestari in the port city of Klang have raised investor concerns.
Shares in KSL Holdings climbed 0.72 percent to RM1.39, outperforming the broader market's 0.2 percent rise. -- Bloomberg
Company Name: KSL HOLDINGS BHD
| Research House: TA | Price Call: HOLD | Target Price: 1.56 |
TA Securities downgraded property developer KSL Holdings Berhad to "hold" from "buy" and lowered its target price to RM1.56 from RM1.78 based on weak sales forecasts and lagging development projects.
TA said in a note to clients that the delayed approval for KSL's inner city project, Jalan Madge, and changes in target launch date for the upcoming property phases in Bandar Bestari in the port city of Klang have raised investor concerns.
Shares in KSL Holdings climbed 0.72 percent to RM1.39, outperforming the broader market's 0.2 percent rise. -- Bloomberg
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