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Article: MAHB stock remains grossly undervalued, says HwangDBS
- Article from:
- New Straits Times
- Article date:
- April 13, 2009
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New Straits Times
04-13-2009
MAHB stock remains grossly undervalued, says HwangDBS
Edition: Main/Lifestyle
Section: Business Times
Type: News
HWANGDBS Vickers Research said Malaysia Airports Holdings Bhd's (MAHB) stock remains "grossly undervalued" following its restructuring plan approval from the government.
The foreign research firm maintains a "buy" rating on the stock, and has raised its target price to RM3.70 from RM3.20 after changing the way it values the stock.
It said the discounted cash flow valuation metric is believed to be more appropriate now for MAHB because the recent restructuring has removed past concerns, should enhance long-term visibility and promises improving return ...