Home > Blog > Research > Research Report: Malita Investments plc
We are downgrading our stance from a Buy to a Hold on Malita Investments p.l.c. (the “Company”). After revisiting the inputs to our valuation model, we reduced our 12-month price target from €0.94 to €0.86. The reason for the drop in price target relates to the fact that the Company had to suspend its development works on the Cospicua project after coming across a historical tunnel. The site is in the process of being cleared from excavation works whereby an investigation will be conducted in order to inspect and assess whether or not the company could build the 68 apartments, 100 parking spaces, a child care centre and a community centre on that particular land. Since the outcome is of a binary nature, the only logical option was to remove the 68 units and the consequent developments from our valuation model. For the full report click HERE.

Disclaimer

The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website.

Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.