Cypark Resources Bhd - 1H results on track

Date: 
2012-07-02
Firm: 
CIMB
Stock: 
CYPARK
Price Target: 
2.82
Price Call: 
BUY
Last Price: 
0.875
Upside/Downside: 
+1.945 (222.29%)

Target RM2.82 (Long Term: Out Perform)

1H11 core net profit was broadly in line making up 56% of our FY12 forecast. This was primarily due to a 25% yoy surge in 2Q core EPS due to better cost control and higher revenue from environmental landscaping and electricity sales from renewable energy (RE) sources. We reiterate our Outperform rating with an unchanged SOP-based target. Cypark's stock price will be catalysed by higher RE electricity sales in the quarters ahead and by the signing of its 25 year waste management concession agreement in Negeri Sembilan.


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yap_lee

HAHAHAHA.... BIG BIG SMILE..... $$$$$$$$$$$$$$

2012-07-02 22:25

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