Magnum
Maintain BUY with revised DCF-based target price of RM3.42 (from RM3.52 previously), which implies 2015F PE of 15x and dividend
yield of 6%. Backed by resilient cash-based operations, Magnum will continue to appeal to dividend hungry investors.
MPHB Capital (MPHB MK)
Technical Buy
Last price: RM1.88
Resistance: RM2.07
Support: RM1.78
BUY with a target price of RM2.07. MPHB has breached its strong
resistance of RM1.80 on 20 Feb 14. It was lingering between
RM1.85 and RM1.94 over the past four days. We opine that its
long-term uptrend is intact. A successful breakout from RM1.95
would see MPHB to test its resistance of RM2.07 in medium term.
A stop-loss can be placed at RM1.74.
Maintain BUY with revised DCF-based target price of RM3.42 (from RM3.52 previously), which implies 2015F PE of 15x and dividend
yield of 6%. Backed by resilient cash-based operations, Magnum will continue to appeal to dividend hungry investors.
MPHB Capital (MPHB MK)
Technical Buy
Last price: RM1.88
Resistance: RM2.07
Support: RM1.78
BUY with a target price of RM2.07. MPHB has breached its strong
resistance of RM1.80 on 20 Feb 14. It was lingering between
RM1.85 and RM1.94 over the past four days. We opine that its
long-term uptrend is intact. A successful breakout from RM1.95
would see MPHB to test its resistance of RM2.07 in medium term.
A stop-loss can be placed at RM1.74.
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