RHB RESEARCH INSIGHTS – PICK OF THE DAY: PARAMOUNT CORP

 

RHB
OSK
Wednesday, 26 March 2014
Bursa Malaysia Trade Statistics – 25 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 54.1 1,020.7 1,154.2 -133.5
Retail 23.8 479.7 477.8 1.9
Foreign 22.1 509.2 377.6 131.6
Total 100.0 2,009.6 2,009.6 0.0
Source: theSundaily – Business
Daily Recommendations
buy buy FAIR VALUE MYR 1.88 Paramount Corp
hold hold FAIR VALUE MYR 2.30 TASCO
Featured Reports
Paramount Corp – Replicating Utropolis At Batu Kawan
BUY FAIR VALUE: MYR 1.88
Paramount has acquired a 30.7-acre land in Batu Kawan to replicate its Utropolis university township in Glenmarie, adding another MYR800m GDV to its portfolio. The MYR50 psf purchase price is in line with recent transactions. Meanwhile, we understand that some vacancies in its management team will be filled soon. Hence, we upgrade the stock to BUY with a new MYR1.88 FV (from MYR1.71).  New land. …
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Paramount Corp – Replicating Utropolis At Batu KawanParamount has acquired a 30.7-acre land in Batu Kawan to replicate its Utropolis university township in Glenmarie, adding another MYR800m…

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RHB Research Guide to Investment Ratings
Buy: Share price may exceed 10% over the next 12 months
Trading Buy: Share price may exceed 15% over the next 3 months, however longer-term outlook remains uncertain
Neutral: Share price may fall within the range of +/- 10% over the next 12 months
Take Profit: Target price has been attained. Look to accumulate at lower levels
Sell: Share price may fall by more than 10% over the next 12 months
Not Rated (NR): Stock is not within regular research coverage
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