Sunday, June 03, 2007

Target price for E&O


Kenanga gives a 'buy' call with a target price of RM4.10 based on its sum of parts revised RNAV. Meanwhile, HDBS continue their 'buy' call with a RM3.80 target price, also based on its RNAV calculation.
Personally, I think this stock should be trading within the current range, with no major fluctuation from its closing price at RM2.96 last Friday. I always use the price of E&O Prop as the 'yardstick' for E&O as E&O Prop is the major income driver for E&O. E&O Prop closed at RM3.54 last Friday.
I shall look into E&O again once there is a big gap between the share prices of E&O and E&o Prop.


Link to Podcast (RSS feed) for this blog

No comments: