Bursa Malaysia Stock Watch
FREIGHT - Freight Mgt 'buy' call maintained: OSK
kltrader
Publish date: Wed, 28 Jul 2010, 03:44 PM
kltrader
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Stock Name: FREIGHT
Company Name: FREIGHT MANAGEMENT HLDGS BHD
Research House: OSK
OSK likes Freight Management for the company's consistency in posting double digit earnings growth since its listing in 2005.
"We see the company repeating the stellar showing amid favourable trade and demand conditions, which prompts us to nudge up our earnings forecast by some 10 per cent and 16 per cent respectively for financial year 2011 and financial year 2012."
OSK added that with the company's valuations rolled over to FY11 numbers pegged at a higher price earnings multiple of 9 times, it upgraded the target price on the company to RM1.40, with its 'BUY' call maintained. - Reuters
Company Name: FREIGHT MANAGEMENT HLDGS BHD
Research House: OSK
OSK likes Freight Management for the company's consistency in posting double digit earnings growth since its listing in 2005.
"We see the company repeating the stellar showing amid favourable trade and demand conditions, which prompts us to nudge up our earnings forecast by some 10 per cent and 16 per cent respectively for financial year 2011 and financial year 2012."
OSK added that with the company's valuations rolled over to FY11 numbers pegged at a higher price earnings multiple of 9 times, it upgraded the target price on the company to RM1.40, with its 'BUY' call maintained. - Reuters
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