Bursa Malaysia Stock Watch

MISC: Upgrade to Hold - Down But Not Out

kltrader
Publish date: Thu, 17 May 2012, 09:28 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.
Upgrade to HOLD, TP revised to MYR4.80. 1Q12 results were hit by several one-offs and huge losses at the liner division. We expect earnings to recover in 2Q12 as MISC progressively exits from the liner operations. Trading below book value, we upgrade MISC to a HOLD.The upside to our new TP warrants a more aggressive call but at this stage, the outlook remains hazy for the petroleum and chemical divisions particularly amid rising external economic headwinds.

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