Wednesday, February 29, 2012

MEGB - 4Q11 slips into the red

Masterskill Education; Fully Valued; RM1.04
Price Target: RM0.70; MASEG MK

4Q11 turned in an unexpected RM1.6m net loss. No catalyst in sight, with new student intakes remaining weak in the near term. Maintain Fully Valued and RM0.70 TP (pegged to 10x FY12F EPS).

Source: HwangDBS Research 29 Feb 2012

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