Bursa Malaysia Stock Watch
LITRAK - OSK keeps 'buy' call on Litrak
kltrader
Publish date: Tue, 30 Nov 2010, 11:06 AM
kltrader
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Stock Name: LITRAK
Company Name: LINGKARAN TRANS KOTA HOLDINGS
Research House: OSK
According to OSK, Litrak's first half earnings of RM57 million made up 56 per cent of the full-year estimates and this is in line given expectations of higher losses at SPRINT in the second against the first half.
Although no dividend was declared, OSK expects a full year amount of 18 sen, thus implying a 5.1 per cent yield.
OSK maintains a 'buy' call on the company with a higher target price of RM4.22, given the possibility of investors switching from PLUS to Litrak, as the former may soon be privatised. - Reuters
Company Name: LINGKARAN TRANS KOTA HOLDINGS
Research House: OSK
According to OSK, Litrak's first half earnings of RM57 million made up 56 per cent of the full-year estimates and this is in line given expectations of higher losses at SPRINT in the second against the first half.
Although no dividend was declared, OSK expects a full year amount of 18 sen, thus implying a 5.1 per cent yield.
OSK maintains a 'buy' call on the company with a higher target price of RM4.22, given the possibility of investors switching from PLUS to Litrak, as the former may soon be privatised. - Reuters
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