Blog: KESM - TP may be revised upwards to RM4.55 post acquisition

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2 comment(s). Last comment by FMHSTOCK 2015-04-23 09:27

NOBY

936 posts

Posted by NOBY > 2015-04-22 23:02 | Report Abuse

Actually the acquisition is already a done deal.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4704201

FMHSTOCK

5 posts

Posted by FMHSTOCK > 2015-04-23 09:27 | Report Abuse

FY 2014 Profit is 66% post acquisition profit but FY 2015 and beyond should be post acquisition 100% profit of the acquired subsidiary, so when making use of FY 2014 profit for forecast, should take into the additional 34 % post acquisition profit in subsequent years

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