Bursa Malaysia Stock Watch
Media Prima: Sell
kltrader
Publish date: Mon, 21 Nov 2011, 10:08 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.
Special dividend masks an uncertain outlook
Slowing down. 9M11 results were within expectations but it is evidentthat 3Q11 revenue and earnings growth YoY grinded to a halt. Inaddition, we are disturbed to notice that 3Q11 revenue actually eased1% QoQ when we had expected it to exhibit strong QoQ growth on HariRaya ad spend. Maintain Sell and RM2.25 TP. Only a special single tierDPS of 5 sen (in addition to 3 sen 2nd interim) provided some cheer.
Maybank research (21 November 2011)
Click here for full report ''
Slowing down. 9M11 results were within expectations but it is evidentthat 3Q11 revenue and earnings growth YoY grinded to a halt. Inaddition, we are disturbed to notice that 3Q11 revenue actually eased1% QoQ when we had expected it to exhibit strong QoQ growth on HariRaya ad spend. Maintain Sell and RM2.25 TP. Only a special single tierDPS of 5 sen (in addition to 3 sen 2nd interim) provided some cheer.
Maybank research (21 November 2011)
Click here for full report ''
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