Bursa Malaysia Stock Watch

This site provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.

Thursday, August 30, 2012

Hock Seng Lee: Maintain Buy - Tracking Expectations

Maintain BUY. Results are in line, with 1H12 net profit of MYR42m (+9% YoY) at 42% of our and 45% of consensus full-year forecasts.
We expect a seasonally stronger 2H and maintain our estimates. Our target price is pegged to 12x mid-FY13 earnings, close to 1 SD above its historical mean PER, for its growth potential.
Current valuations are undemanding, with the stock trading at 8.7x 12M forward earnings.

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Source: Maybank Research - 30 August 2012

Bursa Malaysia Stock Watch

Thursday, August 30, 2012

Hock Seng Lee: Maintain Buy - Tracking Expectations

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