Oct 5, 2016

Puncak Niaga: Upside Potential Of Around 106.1%

PUNCAK Stock Code: 6807

Puncak Niaga Holdings Berhad is an investment holding. The Company, through its subsidiaries, operates, maintains, manages, constructs, and undertakes the rehabilitation and refurbishment of water treatment facilities. Puncak Niaga also operates, manages, maintains, and monitors the operation of dams.

Our medium (6-12 months) term target price for PUNCAK is RM2.37 hence offers an upside potential of around 106.1% from current level.

puncakniaga technical analysis

source:  Affin Hw5ang Investment Bank Bhd -  5/10/2016

The Company is an investment holding company whilst its subsidiaries are principally involved in the operation maintenance management construction rehabilitation and refurbishment of water treatment facilities the supply and distribution of treated water undertaking offshore installation contract work specifically in the area of integrated transportation and installation of offshore facilities as well as undertaking research and development and technology development for the water wastewater and environment sectors.