This research house before the take over cancel say hold and now the take over cancel say SELL.
Sipeh KANASAI!!!!!!!!!!!!!
MIDF Research downgrades MISC to Sell, lowers target price to RM4.76
Business & Markets 2013
Written by theedgemalaysia.com
Monday, 22 April 2013 09:08
KUALA LUMPUR (April 22): MIDF Research has downgraded MISC BHD [] to Sell after the Petronas failed to meet the required 90% acceptance threshold to take MISC private.
In a note Monday, the research house said that 86.07%, the Petronas offer failed to reach the minimum 90% threshold level.
“Consequently, MISC’s share price may retreat towards prebuyout levels.
“Downgrade to Sell with reduced target price of RM4.76, or 15% discount to its SOPV, due to foreseen selling pressure,” it said.