Stock Name: StamfordLd
Company Name: STAMFORD LAND CORPORATION LTD
Phillip Securities Research in a May 25 research report says: "Stamford land owns and operates 8 superiorly-located hotels in Aus/NZ, totalling 2,053 rooms. We are of the opinion that the hotel & property economics are favourable now. Weaker commodities until say 2014, as compared to the last 10 years, would make conditions challenging. "Although forex is basically a random ‘child’, we believe that weaker commodities would likely soften the AUD somewhat that could prove positive for tourism, to which Stamford might diversify its current effort that is more geared toward the business segment. The higher yielding AUD would likely avert the damage arising from weakness in commodities. "We believe management would maintain its track-record of a high payout ratio. The FY12 result has just proved this consistency with a 4 cents payout. Target price of 79.5 cents (43% upside). BUY (initiating coverage)."
Company Name: STAMFORD LAND CORPORATION LTD
| Research House: Phillip Securities | Price Call: BUY | Target Price: 0.795 |
Phillip Securities Research in a May 25 research report says: "Stamford land owns and operates 8 superiorly-located hotels in Aus/NZ, totalling 2,053 rooms. We are of the opinion that the hotel & property economics are favourable now. Weaker commodities until say 2014, as compared to the last 10 years, would make conditions challenging. "Although forex is basically a random ‘child’, we believe that weaker commodities would likely soften the AUD somewhat that could prove positive for tourism, to which Stamford might diversify its current effort that is more geared toward the business segment. The higher yielding AUD would likely avert the damage arising from weakness in commodities. "We believe management would maintain its track-record of a high payout ratio. The FY12 result has just proved this consistency with a 4 cents payout. Target price of 79.5 cents (43% upside). BUY (initiating coverage)."
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