Wing Tai to enjoy Malaysia privatisation gains from FY18 onwards: CIMB
Michelle Zhu • • 3 min read
SINGAPORE (Aug 25): CIMB Research is maintaining its “add” recommendation on Wing Tai Holdings while lifting its target price to $2.32 from $2.05 previously, which is pegged at a 35% discount to a revalued net asset value (RNAV) estimate of $3.57.
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SINGAPORE (Aug 25): CIMB Research is maintaining its “add” recommendation on Wing Tai Holdings while lifting its target price to $2.32 from $2.05 previously, which is pegged at a 35% discount to a revalued net asset value (RNAV) estimate of $3.57.
This comes after the property group yesterday posted a set of FY17 earnings that came in ahead of the research house’s expectations.
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