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RHB Research maintains Buy on Protasco

KUALA LUMPUR: RHB Research has maintained its Buy call on Protasco with a fair value of RM1.80 based on sum-of-parts valuation, valuing its IUKL land at market price, road maintenance concessions by DCF, and construction and other businesses at 10 times FY14 earnings.


RHB Research initiates coverage on Protasco, fair value RM1.80

KUALA LUMPUR: RHB Research has initiated coverage on Protasco with a Buy call and a fair value of RM1.80, driven by improved property and construction profits.