Fri, June 13, 2008 : Last updated 18:33 hours
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Brokers put 'buy' rating on developer's shares
Six brokers have put "buy" on Major Development shares.
The target price has been set between Bt5.44 and Bt6.37 a share because the brokers expect the company to post better results this year.
The brokers are Asia Plus Securities, Kim Eng Securities (Thailand), Trinity Securities, DBS Vickers Securities (Thailand), Tisco Securities and UOB Kay Hian Securities (Thailand).
Asia Plus Securities' research showed Major Development will likely record better results as some of its projects will be ready for delivery this year.
The company takes percentage of completion of projects into account while calculating results. Kim Eng Securities said Major's revenue would likely be Bt3.87 billion and profit Bt580 million this year, up 76 per cent and 178 per cent from last year.
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Brokers put 'buy' rating on developer's shares
Six brokers have put "buy" on Major Development shares.
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