Bursa Malaysia Stock Watch

IOICORP - Upside surprise from manufacturing

kltrader
Publish date: Fri, 24 Feb 2012, 10:29 PM
kltrader
0 20,638
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.
IOI Corporation; Hold; RM5.33
Price Target: RM5.50; IOI MK

Excluding translation FX gains and fair value changes, 2QFY12 profit (RM534.7m) beat our expectations. Stripping out fair value losses from derivatives contracts, Manufacturing profit grew 12.5% q-o-q; Plantations profit fell 17% on seasonally lower FFB output. Declared 7 sen DPS, payable on 29 March. Maintain Hold call and RM5.50 TP.

Source: HwangDBS Research 24 Feb 2012
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment