Target RM2.89 (Long Term: Neutral)
Hap Seng Plantations' FY12 net profit of RM140m was 5% below our forecast and 4% behind consensus. The earnings miss came largely from lower-than-expected CPO selling prices achieved of RM2,773 per tonne against our estimates of RM2,820 per tonne.
malaysiaboleh
Hapseng Plant report park under Hapseng????
2013-08-06 00:27