Bursa Malaysia Stock Watch

PETDAG - Result in line, but fragile outlook

kltrader
Publish date: Mon, 27 Feb 2012, 11:07 AM
kltrader
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Petronas Dagangan; Hold; RM18.00
Price Target: RM15.20; PETD MK

Dec11 quarter's RM222m profit was in line. Declared 15sen and special 35sen DPS, translating to net yield of 2.1%. Maintain Hold and RM15.20 TP, pegged to 16x CY12 EPS. Our FY12F net DPS of 75 implies yield of 4.2%.

Source: HwangDBS Research 27 Feb 2012
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