Bursa Malaysia Stock Watch

HwangDBS: Guan Chong - Challenging times

kltrader
Publish date: Thu, 02 Feb 2012, 04:44 PM
kltrader
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Guan Chong; Buy; RM2.33
Price target: RM2.80 (Prev RM3.60); GUAN MK Price Target
Challenging times

Trimmed FY12-3F earnings after imputing weaker output and margins. An extended global economic slowdown could crimp earnings. Maintain Buy, TP cut to RM2.80 (pegged to FY12F fully diluted P/E of 8x).

Source: HwangDBS Research 2 Feb 2012
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