Tuesday, November 27, 2007

Synergy Drive Target RM13.65

Tursina OSK said:
Synergy Drive en-route to become the largest key heavyweight in the KL Composite Index is definitely a must-have in every institutions portfolio. The company is set to grow its plantation earnings, improve its position within the property industry and tap into the growing needs for fabrication in the O&G industry. Synergy Drive will also have an active participation in the Bakun cable project. We are initiating coverage on Synergy Drive with a BUY recommendation with a 12-month target price of RM13.65 per share, based on sum-of-parts methodology.

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