Bursa Malaysia Stock Watch

RHBInvest Research Highlights 14th October 2011

kltrader
Publish date: Fri, 14 Oct 2011, 09:18 AM
kltrader
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14th October 2011
 
Top Story: Evergreen Fibreboard ' More headwinds                        Underperform
Visit Note
''       After the global stock market rout in Aug, Evergreen stopped raising its product prices as its customers have generally turned cautious in their purchasing activities. Current orderbook visibility has dropped to about 1.5 months, compared to more than 2 months on average in the past.
 
Corporate Highlights
 
CMMT: No surprises                                    Market Perform
3QFY11 Results / Briefing Note
''       3QFY11 realised net profit of RM27.6m (>100% yoy; +1.6% qoq) was in line with our and market expectations. A 1.98 sen DPU (+26.9% yoy) was declared. This brings 9MFY11 DPU to 5.88 sen, which is on track to meet our gross DPU forecast of 7.9 sen for FY11.

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