Monday, October 15, 2012

IHH

IHH: Citi initiates at Sell with TP RM 2.95 (S$1.18), notes stock's FY13e valuations of ~39x P/E and 21x EV/EBITDA are at a 40% premium to the regional peer group and are overpricing the positives. RHB initiates at Outperform with TP RM3.53 (S$1.41). Stock is -0.8% at $1.27

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