Bursa Malaysia Stock Watch
PBA - OSK Research maintains Buy on PBA, lowers target price
kltrader
Publish date: Tue, 16 Nov 2010, 01:39 PM
kltrader
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Stock Name: PBA
Company Name: PBA HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: KUALA LUMPUR: OSK Research said'' PBA HOLDINGS BHD []'s (PBA) earnings came in below its expectations as a sudden surge in costs during 3Q washed out its estimates.
OSK Research said on Tuesday, Nov 16 that although it was unable to reach management for immediate comment, it reckoned that this was largely due to higher chemical and maintenance expenses.
'The latest development prompts us to revise our earnings lower this year and going forward, as well as cut our target price to RM1.35 from RM1.48 previously. The stock is maintained as a BUY,' it said.
''
Company Name: PBA HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: KUALA LUMPUR: OSK Research said'' PBA HOLDINGS BHD []'s (PBA) earnings came in below its expectations as a sudden surge in costs during 3Q washed out its estimates.
OSK Research said on Tuesday, Nov 16 that although it was unable to reach management for immediate comment, it reckoned that this was largely due to higher chemical and maintenance expenses.
'The latest development prompts us to revise our earnings lower this year and going forward, as well as cut our target price to RM1.35 from RM1.48 previously. The stock is maintained as a BUY,' it said.
''
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