Bursa Malaysia Stock Watch

Lion Industries Corporation Bhd - Below expectations

kltrader
Publish date: Tue, 28 Feb 2012, 09:55 AM
kltrader
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Lion Industries Corporation Bhd
Below expectations
  • 1HFY06/12 reported net profit came in below our expectation, accountingfor only 39.2% of our full-year forecast.
  • Key variance again our forecast was the lower-than-expected sales volumeat the steel manufacturing division.
  • Earnings forecasts and SOP-derived TP of RM1.01 maintained for now,pending further update with management. 

Source: HLIB Research 28 Feb 2012
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