Published: Wednesday January 2, 2013 MYT 8:44:00 AM (Star)
KUALA LUMPUR: CIMB Equities Research is maintaining an Outperform on Cypark with an unchanged target price of RM2.82, which is an upside of 76.3% from the last traded price of RM1.60.
The research house said on Wednesday its valuation methodology is still based on the discounted cashflow sum-of-parts using a 4.7% WACC and a 3.0% terminal growth rate.
"We expect the award of a 20MW renewable energy (RE) concession in Negeri Sembilan and higher RE sales to Tenaga to act as catalysts to the stock," it said.
CIMB Research said the FY12 core EPS was in line with its and consensus's full-year estimates of 101%. All non-environmental engineering revenue segments reported on-year growth due to project completion and the sale of RE.
"Management's next milestone is a 20MW concession, expected by 1Q13," it said.
KUALA LUMPUR: CIMB Equities Research is maintaining an Outperform on Cypark with an unchanged target price of RM2.82, which is an upside of 76.3% from the last traded price of RM1.60.
The research house said on Wednesday its valuation methodology is still based on the discounted cashflow sum-of-parts using a 4.7% WACC and a 3.0% terminal growth rate.
"We expect the award of a 20MW renewable energy (RE) concession in Negeri Sembilan and higher RE sales to Tenaga to act as catalysts to the stock," it said.
CIMB Research said the FY12 core EPS was in line with its and consensus's full-year estimates of 101%. All non-environmental engineering revenue segments reported on-year growth due to project completion and the sale of RE.
"Management's next milestone is a 20MW concession, expected by 1Q13," it said.
2 comments:
We are a group of volunteers and opening a new scheme in
our community. Your website provided us with valuable
info to work on. You've done an impressive job and our whole community will be thankful to you.
Also visit my web-site; how much do sonogram techs make
Hurrah! At last I got a blog from where I can genuinely take helpful data
regarding my study and knowledge.
Feel free to visit my webpage; X-Ray Tech Salary
Post a Comment