Bursa Malaysia Stock Watch

Notion VTEC: Upgrade to Buy - Benefiting from the Thai floods

kltrader
Publish date: Mon, 20 Feb 2012, 10:49 AM
kltrader
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Following Message
Upgrade to Buy. Notion may post a minor loss of around RM5m in 1QFY12 (4QFY11: RM12m net profit) on flood-caused provisioning for its Thai plant. However, we see a strong rebound in sequential earnings (led by the HDD segment), which could prompt consensus to upgrade its FY12 estimates. We raise our FY12 EPS forecast by 12%, and now expect 6% YoY growth (-5% previously). We upgrade the stock to a Buy, with a higher TP of RM2.50 (+67%) on 4x EV/EBITDA.


Maybank Research 20 Feb 2012

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NOTION (0083)
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Discussions
Be the first to like this. Showing 2 of 2 comments

jtpc2006

Upgrade to buy even though Notion may post a minor loss and TP of 2.50? Funny? I would rather go for JCY, profits shooting up record levels and at current prx 1.26 there's more to be made here. What do you think?

2012-02-20 11:26

lotsofmoney

The Thailand flooding is over and the factories are woring again.

2012-02-20 13:18

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