Bursa Malaysia Stock Watch

Kuala Lumpur Kepong: Maintain Hold - A Weak Quarter

kltrader
Publish date: Fri, 25 May 2012, 09:35 AM
kltrader
0 20,246
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.
Earnings forecasts trimmed. KLK's 2QFY9/12 core net profit of MYR215m (-40% QoQ, -9% YoY) met just 15% of our FY9/12 net profit forecast, and was also below street estimates. We trim our FY9/12-14 core net profit estimates by 3.5-4.6% on lower plantation and manufacturing contributions. Our revised TP is MYR21.10 (previously MYR21.90) on an unchanged 16x FY9/13 PER. Maintain HOLD.

Click here for full report

Source: Maybank Research - 25 May 2012
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment