Bursa Malaysia Stock Watch
Media Prima: Maintain Hold - Down But Not Out
kltrader
Publish date: Thu, 17 May 2012, 09:29 AM
kltrader
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1Q12 likely to have been the trough. Media Prima's (MPR) 1Q12 results were a tad below expectations due to a higher than expected discounting rate at its TV segment. No interim dividends were declared. That said, we are more upbeat on its prospects going forward due to signs of recovery in consumer sentiment and stabilising newsprint prices. Maintain earnings forecasts, HOLD call and MYR2.34 TP.
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Source: Maybank Research - 17 May 2012
Click here for full report
Source: Maybank Research - 17 May 2012
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