KUALA LUMPUR: Affin Research is maintaining its “Buy” call onTropicana Corporation Bhd with a target price of RM2.50 due to its high project concentration in the high-rise and integrated segment.
It said Tropicana has a sizeable gross development value of RM70bil which are spread across key property hotspots where Klang Valley is valued at RM34.5bil, Iskandar Malaysia RM25.2bil and Penang at RM10.2bil.
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