Bursa Malaysia Stock Watch
CB Industrial Product RM3.96: Hold
kltrader
Publish date: Fri, 18 Nov 2011, 10:00 AM
kltrader
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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.
Eyes unto the Cash Shariah-compliant
Within expectation. CBIP's 3Q11 core net profit RM27m (+37.5%YoY; 14% QoQ) brings 9M11 net profit to RM73m (+63% YoY), withinour expectation but ahead of consensus. Earnings growth post disposalof two of its estates (target for completion in Dec 2011) appears to belackluster, in our view. Maintain Hold with an unchanged TP of RM3.54based on 7x 2013 PER pending greater clarity on the utilization of itscash proceeds of RM268m; its potential next key catalyst.
Maybank research (18 November 2011)
Click here for full report ''
Within expectation. CBIP's 3Q11 core net profit RM27m (+37.5%YoY; 14% QoQ) brings 9M11 net profit to RM73m (+63% YoY), withinour expectation but ahead of consensus. Earnings growth post disposalof two of its estates (target for completion in Dec 2011) appears to belackluster, in our view. Maintain Hold with an unchanged TP of RM3.54based on 7x 2013 PER pending greater clarity on the utilization of itscash proceeds of RM268m; its potential next key catalyst.
Maybank research (18 November 2011)
Click here for full report ''
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