HDBSVR: Magna Prima TP at RM1.30
KUALA LUMPUR: HwangDBS Vickers Research (HDBSVR) has a Target Price of RM1.30 for Magna Prima, which is a niche property developer with RM1 billion worth of launches in Klang Valley over next two years.
The research house said on Wednesday, March 24 it sees strong earnings growth for Magna Prima, but cash flow management and cost control will be crucial.