KUALA LUMPUR: RHB Research Institute has retained its forecasts, market perform call for UEM Land and fair value of RM2.80 at RNAV a share.
It said on Thursday, April 14 any share price weakness should represent a good trading opportunity of the stock.
'News flow on UEM Land is expected to be strong over the next few months. Apart from the ongoing land disposal, given its backing of major shareholders as well as the strengthening execution ability after the consolidation of Sunrise, we think UEM Land is a prospective candidate to participate in some of the government projects in Klang Valley, which include the RRI land in Sg Buloh and others, as part of its landbank/development diversification effort,' it said.
RHB Research said investors should also anticipate the announcement of UEM Land's involvement in the development of the land parcels in Singapore over the next few months.
It said on Thursday, April 14 any share price weakness should represent a good trading opportunity of the stock.
'News flow on UEM Land is expected to be strong over the next few months. Apart from the ongoing land disposal, given its backing of major shareholders as well as the strengthening execution ability after the consolidation of Sunrise, we think UEM Land is a prospective candidate to participate in some of the government projects in Klang Valley, which include the RRI land in Sg Buloh and others, as part of its landbank/development diversification effort,' it said.
RHB Research said investors should also anticipate the announcement of UEM Land's involvement in the development of the land parcels in Singapore over the next few months.
No comments:
Post a Comment