IJM Plantations; Hold; RM3.33
Price Target: RM3.10; IJMP MK
3QFY12 earnings to be supported by strong CPO prices. FY12F-14F earnings raised by 2-18% on CPO price and FX rate revisions. Lacking near-term catalyst. Hold rating maintained; TP revised to RM3.10 on lower ERP assumption
Source: HwangDBS Research 14 Feb 2012
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