Bursa Malaysia Stock Watch

MBM Resources: Maintain Hold - No surpises; proposes bonus and rights

kltrader
Publish date: Mon, 27 Feb 2012, 09:59 AM
kltrader
0 20,407
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.
Maintain Hold, but with a higher TP. Results met expectations but dividends did not, for none was declared in 4Q11 (4Q10 DPS: 8sen). Meanwhile, MBM has proposed a 3-for-10 bonus and a 3-for-10 rights and free warrants. Pending an analyst briefing today, we maintain our forecasts but have raised our target price to RM4.60 as valuations are rolled forward into 2013, on an unchanged target PER of 7x.

Maybank Research 27 Feb 2012

Click here for full report
Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment