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1 comment(s). Last comment by mikeann 2014-12-23 21:35

mikeann

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Posted by mikeann > 2014-12-23 21:35 | Report Abuse

PUBLIC BANK RESEARCH: DAYA TARGET PRICE : 0.25

We thus maintain our Neutral call with a rerated TP of RM0.25 premised on our FY15F EPS of 2.5sen, pegged to a 10.0x PE. We have adjusted our earnings estimates to account for the higher costs going forward. Daya’s performance despite the re-rating, is supported by SD1 and SD2 tied to LT charters coupled with upside from its growing technical services and polymer divisions to meet our FY15F estimates.

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