It issued a report on Wednesday, Feb 17 after the media said Tan Chong may be looking into the possibility of selling Nissan’s recently launched electric vehicle, the LEAF, in Malaysia.
The introduction of the car to Malaysia would be in line with the Government’s promotion of green TECHNOLOGY [] under the revised NAP, it said.
"We continue to maintain our earnings at this juncture as nothing solid has been materialized with regard to selling the LEAF in Malaysia.
"We are pegging our FY10 core EPS at 13 times, which is slightly higher than its sector peers’ 10 times to 11 times at most, given its regional ambitions. Thus we derive an unchanged TP of RM4.12. Maintain BUY," OSK Research said.
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