OSK Property Sector Stock Picks, June 2011

OSK believe the biggest gainers from the current upcycle are the mid- to high-end developers, particularly those with focus in developing landed properties and also have significant exposure in high growth areas.

As such, OSK top buys for the sector are UEM Land and SP Setia for mid- to large-cap property companies while Plenitude is top pick for small cap companies.

For the mid- to high-end residential properties, OSK top buys include BRDB and HunzaProp.

Below are the target prices and ratings for selected property stock.

Stock Price (RM) Target (RM) Market Cap (RM million) Rating
UEM Land 2.75 3.52 11,414 Buy
SP Setia 4.19 4.82 7,427 Buy
IGB Corp. 2.14 2.50 3,189 Buy
Bandar Raya 1.99 3.06 968.3 Buy
YNH Prop. 2.00 3.03 817.3 Buy
Plenitude 2.12 2.85 572.4 Buy
Glomac 1.77 2.00 526.2 Buy
Hunza Prop. 1.60 2.48 311.0 Buy

Source : OSK Research

Leave a Comment

  • zack 19th June, 2011, 9:10 pm

    How about UOADEV? the newly listed stock got a bright future or not??

  • 1mdb.com 22nd June, 2011, 5:04 am

    zack, I think it should be OK for long term but we just don’t know when the price will be bottom. At the current price expected dividend yield is between 4.5 to 6.5 percent per year.