Bursa Malaysia Stock Watch

Genting Plantations (Hold; TP: RM8.90) - In line with expectations

kltrader
Publish date: Tue, 28 Feb 2012, 09:54 AM
kltrader
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Genting Plantations (Hold; TP: RM8.90)
In line with expectations
  •  FY11 net profit of RM442.0m came in withinexpectations, at 97.5% of our forecast and 99.3% of consensus estimates.
  • Declared a special GDPS of 6.25 sen and proposed a final GDPS of 5.75sen.
  • 2012-13 net profit forecasts raised by 1-1.5% largely to reflect higherproperty sales and earnings assumptions.
  • TP raised by 1.4% to RM8.90 based on 15x revised2012 EPS of 59.4 sen. 

Source: HLIB Research 28 Feb 2012
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