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Tuesday, August 11, 2009

Take profit, Bandar Raya investors told (ext: BT)

Investors in Bandar Raya Development Bhd should take profit, says OSK Research which has a target price of RM1.42 on the stock.
OSK noted that supported by its high unbilled sales, BRDB will continue to register some commendable earnings growth in most of FY09.
However, should there be no meaningful amount of sales being made soon, this figure will be very much exhausted by late FY09 once the Troika and One Menerung are completed.

 

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