Bursa Malaysia Stock Watch

KOSSAN - Stable margins

kltrader
Publish date: Mon, 27 Feb 2012, 11:05 AM
kltrader
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Kossan Rubber Industries; Hold; RM3.28
Price Target: RM3.30; KRI MK

4Q11/FY11 results were within our expectations, but slightly below consensus expectations. Adding 1.25bn pieces capacity by 2H2012, and raising nitrile gloves mix to 48% from 40%. Maintain Hold and RM3.30 TP.

Source: HwangDBS Research 27 Feb 2012
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