Share
KUALA LUMPUR (Nov 14): RHB Research Institute Sdn Bhd has upgraded Gadang Holdings Bhd to “Buy” with an unchanged target price of RM3.50 and said the recent selldown provides a good opportunity to accumulate the stock at forward P/E of <7x vs the peer average (in low teens).
In a note today, the research house said apart from strong medium-term earnings visibility, it has also laid foundation for the longer term.
“Mega construction job wins and its ongoing corporate exercise may boost sentiment on the stock,” it said. — theedgemarkets.com
.jpg?NwofudRrglwzEZaDYk9d0.bCdaGAsHfZ)
TOP PICKS BY EDGEPROP
Taman Taming Indah 2
Bandar Sungai Long, Selangor
Taman Ampang Hilir
Ampang Hilir, Kuala Lumpur
Merdeka 118 @ Warisan Merdeka 118
KLCC, Kuala Lumpur
Merdeka 118 @ Warisan Merdeka 118
KLCC, Kuala Lumpur
Menara HLX (formerly Menara HLA)
KL City Centre, Kuala Lumpur
Ixora Residences @ Bandar Seri Coalfields
Sungai Buloh, Selangor
