MARKET UPDATES :
RHB Research is upbeat on Sunway Bhd’s continuous effort in unlocking its asset values.”Sunway announced its proposed disposal of Sunway Hotel Georgetown (RM74 million) and Wisma Sunway (RM60 million), worth a combined value of RM134 million, to Sunway REIT.”The four-star hotel has 250 rooms, the office has an net letatble area (NLA) of 172,000 square feet. The disposal will likely be completed in late Q2 2015
STOCK RECOMMENDATION :
BUY PETRONAS CHEML ABOVE 5.140 TARGET 5.170 5.210 5.260 SL 5.090
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RHB Research is upbeat on Sunway Bhd’s continuous effort in unlocking its asset values.”Sunway announced its proposed disposal of Sunway Hotel Georgetown (RM74 million) and Wisma Sunway (RM60 million), worth a combined value of RM134 million, to Sunway REIT.”The four-star hotel has 250 rooms, the office has an net letatble area (NLA) of 172,000 square feet. The disposal will likely be completed in late Q2 2015
STOCK RECOMMENDATION :
BUY PETRONAS CHEML ABOVE 5.140 TARGET 5.170 5.210 5.260 SL 5.090
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