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PublicInvest Research retains Outperform for I-Bhd


Recent comments by the Selangor Menteri Besar on the potential of i-City being a part of Selangor’s Golden Triangle area is exciting, it added.

Recent comments by the Selangor Menteri Besar on the potential of i-City being a part of Selangor’s Golden Triangle area is exciting, it added.

KUALA LUMPUR: PublicInvest Research is maintaining its Outperform for property company I-Bhd but with a lower target price of 75 sen compared with 91 sen previously but the long-term earnings remain intact.

It said on Thursday the lower TP was on a 60% discount (50% discount previously) to fully-diluted realised net asset value (RNAV)  in light of subdued market conditions.

Analyst Reports , Property

   

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