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Allgreen Properties

All Green With Envy2Q09 PATMI up 36% yoy to S$23m; 1H09 PATMI forms c.51% of our FY09F and 53% of consensusBalance sheet still strong, with gearing of 0.5xDemonstrated good timing with recent launches; future mid-tier launches will be catalyst for stockReiterate BUY, TP S$1.39; Allgreen remains our top mid-cap pick in the sectorSteady Earnings.Allgreen reported ...

 

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