RHB Equity 360° - 20 October 2010 (Property, Motor, Quill Capita; Technical: Kump. Hartanah Selangor)

- We upgrade our valuations for the property stocks, as many have almost hit our target prices recently. We
still see values in the sector led by sustained property prices and demand, and valuations are still attractive
at about +1 stdev above the average of P/B.

RHB Equity 360° - 20 October 2010 (Property, Motor, Quill Capita; Technical: Kump. Hartanah Selangor)