Bursa Malaysia Stock Watch

Media Prima: Maintain Hold - Down But Not Out

kltrader
Publish date: Thu, 17 May 2012, 09:29 AM
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.
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.

Click here for full report

Source: Maybank Research - 17 May 2012
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment