Published: 2009/09/03
CIMB Investment Bank Bhd says Eastern & Oriental Bhd, a property developer, is a “deeply undervalued stock”.
The company will benefit from an improving economy, the bank adds.
The company is CIMB’s top property pick, rating it a “trading buy” with a target price of RM2.18.
The shares of the developer jumped 13 per cent to RM1.47 at lunch break in Kuala Lumpur trading.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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