$SURIA / 6521 (SURIA CAPITAL HOLDINGS BERHAD)
Research by MIDF
SELL – TP RM1.60

" Jesselton Docklands 2 Development Moves Forward”

• Formalising the development of Jesselton Docklands 2 Project
• Entitled to at least 13% of the estimated NDV of RM3.32b
• Estimated development period of 15 years
• No changes to earnings estimates
• Maintain SELL with an unchanged TP of RM1.60

Analyst:
MIDF Research Team
research@midf.com.my