KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB) has initiated coverage on YNH with a Buy and price target of RM2.68.
It said on Wednesday, March 16 this was based on 40% discount to its RNAV estimate.
'We like them for their landbank (sizeable, low-cost and fully paid-for), and property margins that consistently beat industry peers.
'Key catalysts: Numerous value-enhancing developments in Seri Manjung township; RM7.3bn of balance GDV; Klang Valley projects will benefit from new MRT line,' it said.
It said on Wednesday, March 16 this was based on 40% discount to its RNAV estimate.
'We like them for their landbank (sizeable, low-cost and fully paid-for), and property margins that consistently beat industry peers.
'Key catalysts: Numerous value-enhancing developments in Seri Manjung township; RM7.3bn of balance GDV; Klang Valley projects will benefit from new MRT line,' it said.
No comments:
Post a Comment