Thursday, February 23, 2012

IJM - 3Q earnings better than expected

IJM Plantations; Hold; RM3.40
Price Target: RM3.15 (Prev: RM3.10); IJMP MK

3QFY12 earnings above expectations. Raised FY12 earnings by 7% due to lower upkeep activities and
higher inventory for palm products. Maintain Hold with revised RM3.15 TP.

Source: HwangDBS Research 23 Feb 2012
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