Bursa Malaysia Stock Watch

MBMR - Earnings on track

kltrader
Publish date: Mon, 27 Feb 2012, 11:06 AM
kltrader
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MBM Resources; Buy; RM4.62
Price Target: Under review; MBM MK

4Q11 net profit of RM26m is in line; Recorded sales growth, but bottom line affected by expenses from Hirotako take-over. Also proposed bonus and righs issue.

Source: HwangDBS Research 27 Feb 2012
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