Bursa Malaysia Stock Watch

PARKSON - Earnings supported by PRA

kltrader
Publish date: Tue, 28 Feb 2012, 11:21 AM
kltrader
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Parkson Holdings; Buy; RM5.58
Price Target: RM6.20 (Prev RM6.55); PKS MK

Seasonally stronger Dec11 quarter produces RM106m earnings, within our expectation. Malaysian ops offset China's disappointing earnings. Maintain Buy with RNAV-based TP of RM6.20.

Source: HwangDBS Research 28 Feb 2012
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