{"id":1714,"date":"2013-06-05T05:12:21","date_gmt":"2013-06-05T05:12:21","guid":{"rendered":"http:\/\/benalec.pengerangmaritime.com.my\/2013\/06\/05\/cimb-research-starts-coverage-of-benalec-target-price-rm2-01\/"},"modified":"2013-06-05T05:12:21","modified_gmt":"2013-06-05T05:12:21","slug":"cimb-research-starts-coverage-of-benalec-target-price-rm2-01","status":"publish","type":"post","link":"https:\/\/www.benalec.com.my\/zh-hans\/cimb-research-starts-coverage-of-benalec-target-price-rm2-01\/","title":{"rendered":"CIMB RESEARCH STARTS COVERAGE OF BENALEC, TARGET PRICE RM2.01"},"content":{"rendered":"<p><p1 style=\"font-size:12px;\"><em>The Star Online<br \/>\n5th June, 2018<\/em><\/p1>\n<br \/>KUALA LUMPUR: CIMB Equities Research starts coverage of Benalec Holdings with a Trading Buy instead of an Outperform as the stock should be event-driven. Its target price was RM2.01.<\/p>\n<p>The research house said on Wednesday it was high time to relook its potential as a major player in land reclamation. The signing of a sales and purchase agreement for the first phase of the reclamation job at Tanjung Piai should be a major catalyst.<\/p>\n<p>\u201cThe stock is a laggard among Iskandar plays and is now our top pick in the smaller-cap space,\u201d it said.<\/p>\n<p>CIMB Research said the valuations were attractive even if it excluded Tanjung Piai&#8217;s prospects.<\/p>\n<p>\u201cIts RNAV\/share drops from RM2.51 to RM2.35, excluding the latter. At a 20% RNAV discount, the stock should be worth RM1.88 (for 35% upside).<\/p>\n<p>\u201cOptimistically, we estimate a 51% upside to RNAV\/share of RM2.51 if we factor in all the potential land sale gains including Pengerang land,\u201d it said.<\/p>\n<p>Source : <a href=\"http:\/\/www.thestar.com.my\/story\/?file=\/2013\/6\/5\/business\/20130605092802\">http:\/\/www.thestar.com.my\/story\/?file=\/2013\/6\/5\/business\/20130605092802<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Star Online 5th June, 2018 KUALA LUMPUR: CIMB Equit [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[30],"tags":[],"_links":{"self":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts\/1714"}],"collection":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=1714"}],"version-history":[{"count":0,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts\/1714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/media\/1534"}],"wp:attachment":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=1714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=1714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=1714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}