Lion Industries Corporation Bhd
Below expectations
- 1HFY06/12 reported net profit came in below our expectation, accounting for only 39.2% of our full-year forecast.
- Key variance again our forecast was the lower-than-expected sales volume at the steel manufacturing division.
- Earnings forecasts and SOP-derived TP of RM1.01 maintained for now, pending further update with management.
Source: HLIB Research 28 Feb 2012
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