Bursa Malaysia Stock Watch

DRB (BUY) - Remain Affected by Thailand Flood

kltrader
Publish date: Mon, 27 Feb 2012, 02:14 PM
kltrader
0 20,638
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.
Following Message

DRB (BUY)
Remain Affected by ThailandFlood

  • In line ' Reported 3QFY3/12 core earning ofRM79.6m, leading 9M12 to RM304.5m, achieving 77.8% of HLIB estimates, butbehind consensus with 71.1%.

  • Earnings was affected by the Thailand flood in Oct 2011, whichhad forced DRB 34% owned Honda Malaysia to shut down its Melaka assembly plant.The plant is only expected to gradually resume full production by 2Q12.
  • The acquisition of Proton to be completed by end Mar2012, and will be integrated into DRB group gradually. The acquisition willcost DRB RM3bn. Net gearing is expected to increase to ~45% from current levelof 10%, while NTA/share will improve to ~RM3.17.
  • Announced 1st gross interim dividend of 2 sen less 25% tax (net dividendof 1.5 sen).
  • Maintain BUY with unchanged Target Price of RM3.50.

Source: HLIB Research 27 Feb 2012
DRBHCOM (1619)
Related Stocks
More articles on Bursa Malaysia Stock Watch
Berjaya Auto - A play on weaker yen

Created by kltrader | Nov 04, 2014

Maybank Research Highlights - 4 Nov 2014

Created by kltrader | Nov 04, 2014

Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap

Created by kltrader | Oct 11, 2012

Media - Hoping For A Seasonally Strong Finish (Neutral)

Created by kltrader | Oct 11, 2012

Banking - Heavyweights To Deliver (Overweight)

Created by kltrader | Oct 11, 2012

Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)

Created by kltrader | Oct 11, 2012

Latexx Partner: M(ission)&A(ccomplished)

Created by kltrader | Oct 09, 2012

Prai power plant bid to be known today

Created by kltrader | Oct 09, 2012

Property - A Game Between Risk And Return (Neutral)

Created by kltrader | Oct 05, 2012

RHB Research - Market Outlook & Strategy 4Q2012

Created by kltrader | Oct 04, 2012

Discussions
Be the first to like this. Showing 1 of 1 comments

lotsofmoney

Everybody are recommending 'buy', but the share price keep going down ! What is happening. TradeTalk are you the one who is throwing the share ?

2012-02-27 15:34

Post a Comment