Stock Name: Parkway
Company Name: PARKWAY HLDGS LTD
Research House: MacQuarie
Company Name: PARKWAY HLDGS LTD
Research House: MacQuarie
Macquarie Research cuts Parkway Holdings (P27.SG) to Neutral from Outperform after 2Q net profit, raises target price to $3.95 from $3.45 to reflect Khazanah’s unconditional general offer price for stock, says Dow Jones.
Says while earnings are healthy, “corporate action takes precedence over results” and advises shareholders to accept the Khazanah offer, which closes Monday, “or risk facing an illiquid stock after the offers period close.”
Share price last flat at $3.81.
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