RHBInvest Research
Wednesday, June 22, 2011
Top Story: SEGi
Visit Note
- SEGi has entered into an agreement with a private developer, Oakfine Development S/B, to build a RM300m – RM500m campus in Perak, with SEGi leasing the campus from the developer upon completion. As SEGi will not be bearing any of the construction costs, there is no direct impact to SEGi’s financials in the immediate term. The campus is expected to be completed in late 2013 or early 2014.
- We revise our fair value to RM4.60 (from RM5.05).Maintain Outperform.
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