Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 20 Aug 2013
CB Industrial Product; Buy; RM2.87
Price Target: RM3.10; CBP MK
Impressive core engineering profits
2Q13 net profit of RM18.9m below expectations. Strong engineering contributions partly offset by losses in plantation. To capitalize on demand for Modipalm mills with capacity expansion. Maintain Buy with RM3.10 TP.
Source: HwangDBS Research - 20 Aug 2013
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