Bursa Malaysia Stock Watch
KULIM - OSK Research maintains Buy on Kulim
kltrader
Publish date: Wed, 01 Sep 2010, 09:52 AM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Stock Name: KULIM
Company Name: KULIM (M) BHD
Research House: OSK
KUALA LUMPUR: OSK Research is maintaining its Buy call on Kulim Bhd with a a target price of RM10.30.
It said on Wednesday, Sept 1 that Kulim's 1HFY10 core earnings at RM96.8 million were below its full-year forecast at RM269.6m as its oleochemical segment swung from an EBIT of RM17.9 million in 1Q to a loss of RM18.6 million in 2Q ended June 30, 2010.
'While the 2Q results were weighed down by a turn for the worse at the oleochemical division, Kulim is in the process of completing its sale, which should no longer be a drag from 4Q onwards,' it said in a research note.
OSK Research the stock is trading at a very cheap valuation of 11.1 times FY10 and 9.6 times FY11 earnings compared to its peers' at 17 times to 20 times forward earnings. It said this is especially so considering the quality of Kulim's assets and its industry-leading sustainable palm oil practices.
Company Name: KULIM (M) BHD
Research House: OSK
KUALA LUMPUR: OSK Research is maintaining its Buy call on Kulim Bhd with a a target price of RM10.30.
It said on Wednesday, Sept 1 that Kulim's 1HFY10 core earnings at RM96.8 million were below its full-year forecast at RM269.6m as its oleochemical segment swung from an EBIT of RM17.9 million in 1Q to a loss of RM18.6 million in 2Q ended June 30, 2010.
'While the 2Q results were weighed down by a turn for the worse at the oleochemical division, Kulim is in the process of completing its sale, which should no longer be a drag from 4Q onwards,' it said in a research note.
OSK Research the stock is trading at a very cheap valuation of 11.1 times FY10 and 9.6 times FY11 earnings compared to its peers' at 17 times to 20 times forward earnings. It said this is especially so considering the quality of Kulim's assets and its industry-leading sustainable palm oil practices.
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
3
save malaysia!
4
5
7
8
AmInvest Research Reports
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
