Bursa Malaysia Stock Watch
CSCSTEL - AmResearch downgrades CSC Steel
kltrader
Publish date: Tue, 16 Nov 2010, 01:39 PM
kltrader
0 20,411
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: CSCSTEL
Company Name: CSC STEEL HOLDINGS BERHAD
Research House: AMMB
KUALA LUMPUR: AmResearch has downgraded CSC Steel Holdings Bhd to a HOLD with a lower fair value of RM2 a share from RM2.20'' a share, assigning a 4.6 times peg to FY11F EPS.
The research house said on Tuesday, Nov 16 this represented a 20% discount to its historical valuation ' which is justified as demand boost remains uncertain in a high-cost and cheaper import substitutes market.
'FY10F-12F EPS were also trimmed 17%-20% as we moderated our utilisation assumption from 70% to 65%. Current net cash accounts for 41% of our fair value,' said AmResearch.
Company Name: CSC STEEL HOLDINGS BERHAD
Research House: AMMB
KUALA LUMPUR: AmResearch has downgraded CSC Steel Holdings Bhd to a HOLD with a lower fair value of RM2 a share from RM2.20'' a share, assigning a 4.6 times peg to FY11F EPS.
The research house said on Tuesday, Nov 16 this represented a 20% discount to its historical valuation ' which is justified as demand boost remains uncertain in a high-cost and cheaper import substitutes market.
'FY10F-12F EPS were also trimmed 17%-20% as we moderated our utilisation assumption from 70% to 65%. Current net cash accounts for 41% of our fair value,' said AmResearch.
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
4
TA Sector Research
5
Good Articles to Share
6
Mercury Securities Research
8
#
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....
