Bursa Malaysia Stock Watch
'Buy' rating on Ahmad Zaki retained
kltrader
Publish date: Wed, 01 Sep 2010, 11:32 AM
kltrader
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HwangDBS has cut its earnings forecast on Ahmad Zaki Resources Bhd by 2 per cent to 10 per cent and retained its 'buy' rating on the stock given its undemanding valuations.
The research firm said AZRB's earnings outlook remains strong.
AZRB reported first half 2010 earnings of RM14.2 million, up 40 per cent year-on-year, which was below HwangDBS' estimates.
As expected, there were no provisions for Bakun during the quarter.
Orderbook replenishment has been raised to RM700 million this year.
The research firm said AZRB's earnings outlook remains strong.
AZRB reported first half 2010 earnings of RM14.2 million, up 40 per cent year-on-year, which was below HwangDBS' estimates.
As expected, there were no provisions for Bakun during the quarter.
Orderbook replenishment has been raised to RM700 million this year.
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