Bursa Malaysia Stock Watch

BHIC - Lifted by higher tax credit

kltrader
Publish date: Fri, 24 Feb 2012, 10:28 PM
kltrader
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Boustead Heavy Industries; Buy; RM3.68
Price Target: RM4.00; BHIC MK

4Q11 result beat expectations; declared 1st interim dividend of 6 sen per share. RM9bn OPV contract to provide long-term earnings visibility. Maintain Buy rating and RM4.00 TP.

Source: HwangDBS Research 24 Feb 2012
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