Hap Seng Plantations - "Sabah discount" dampens price

Date: 
2013-03-01
Firm: 
CIMB
Stock: 
Price Target: 
2.89
Price Call: 
HOLD
Last Price: 
1.74
Upside/Downside: 
+1.15 (66.09%)

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.

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malaysiaboleh

Hapseng Plant report park under Hapseng????

2013-08-06 00:27

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