Bursa Malaysia Stock Watch

UMW Holdings: Maintain Hold - Kitchen-sinking

kltrader
Publish date: Mon, 27 Feb 2012, 10:58 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.
Dividend yield provides support. 4Q11's provision-hit results missed expectations, but the higher final DPS negated the setback. Medium-term prospects have improved but with the outlook for the current quarter (1Q12) still poor, we stay conservative, especially on the O&G operations. Our adjusted TP incorporates the 2-6% earnings upgrade, and is rolled forward to 2013 on an unchanged PER of 11x. Hold.

Maybank Research 27 Feb 2012
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment