Monday, February 27, 2012

APM - A better year ahead

APM Automotive; Hold; RM4.31
Price Target: RM4.60; APM MK
Net profit of RM37.2m was above our expectations; net DPS of 16.5sen proposed. DPS of 16.5sen was proposed for the quarter (final+special). Maintain Hold with RM4.60 TP.

Source: HwangDBS Research 27 Feb 2012
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