Uchi Technologies - Not a Robusta outlook
Date:
2012-05-24
Firm:
CIMB
Stock:
Price Target:
1.18
Price Call:
HOLD
Last Price:
3.90
Upside/Downside:
-2.72 (69.74%)
Target RM1.18 (Long Term: Neutral)
Though Uchi's 1Q12 results met our expectations, the market will be disappointed. Sales fell 12% during the quarter due to lower demand for luxury goods as the European economies remain in a funk.
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chongkonghui
Up despite the CIMB Research paper dated 24.5.2012
2012-05-25 17:16