Stock Name: StamfordLd
Company Name: STAMFORD LAND CORPORATION LTD
DMG & Partner Research in an Oct 10 research report says: "We like STL for: (1) its quality assets comprising prime commercial and hotel properties in Australia; (2) resilient earnings outlook underpinned by strong hospitality earnings and development profits; (3) management's efforts to unlock value through capital-recycling initiatives, which should narrow the valuation gap.
"STL is trading at a 54% discount to our SOTP valuation of $1.12. We believe this is overly steep given management's ability to unlock value and grow NAV through capital-recycling initiatives. Ascribing a 30% discount, we derive a fair value of 78 cents, implying a 52% upside. The counter offers a yield of 6%, with prospects for additional payouts upon a successful asset sale. MAINTAIN BUY."
Company Name: STAMFORD LAND CORPORATION LTD
| Research House: DMG | Price Call: BUY | Target Price: 0.78 |
DMG & Partner Research in an Oct 10 research report says: "We like STL for: (1) its quality assets comprising prime commercial and hotel properties in Australia; (2) resilient earnings outlook underpinned by strong hospitality earnings and development profits; (3) management's efforts to unlock value through capital-recycling initiatives, which should narrow the valuation gap.
"STL is trading at a 54% discount to our SOTP valuation of $1.12. We believe this is overly steep given management's ability to unlock value and grow NAV through capital-recycling initiatives. Ascribing a 30% discount, we derive a fair value of 78 cents, implying a 52% upside. The counter offers a yield of 6%, with prospects for additional payouts upon a successful asset sale. MAINTAIN BUY."
No comments:
Post a Comment