On track to double-digit growth. QL's 3QFY12 results were within our
expectations. Net profit of RM34.4m (+4% YoY, -9% QoQ) took the 9M net
profit tally to RM100m, which made up 70% of our and 68% of consensus
estimates. All three divisions recorded revenue growth, while its bottom
line grew by a modest in 9MFY12. Maintain Buy with a raised TP of
RM3.75.
Maybank Research 22 Feb 2012
Click here for full report
No comments:
Post a Comment