OSK Research maintains Buy on KPJ, target price RM2.95
Written by OSK Investment Research
Friday, 22 January 2010 09:12
KUALA LUMPUR: OSK Investment Research is maintaining its forecast and BUY recommendation on KPJ Healthcare at an unchanged target price of RM2.95 based on 18.5 times price-to-earnings on FY10 EPS.
It said on Friday, Jan 22 that it likes KPJ’s business model as well as its promising growth potential in a defensive sector, on top of its on-going expansion.
"We would like to reiterate our view that KPJ is an excellent choice for portfolio balancing as well as long-term investment in view of its relatively recession-proof business and steady dividend payout," it said.
It added KPJ’s management had stated it sees the growth momentum in 2009 continuing into 2010, supported by a higher number of patients and higher utilization rate per patient.
"To expand its hospital network, KPJ has identified several potential candidates with focus on areas with untapped and growing demand for private healthcare such as Johor and East Malaysia," it said.
How do u think why did KPJ's price drop so serious recently?
ReplyDeleteThanks
http://myinvestingnotes.blogspot.com/2010/01/you-have-to-know-story-confusing-price.html
ReplyDeleteYou may find reading this helpful in handling price volatility of your stock.
Regards
i think the reason why the stock price dropped is because majority of ppl are taking profit after the share split..no??i think it is a good buy though..wat do u think bullbear??
ReplyDeletebullbear:i am an avid reader of your blog..very informative blog i would say:D