Stock Name: PERWAJA
Company Name: PERWAJA HOLDINGS BERHAD
Research House: OSK
OSK Research Sdn Bhd has retained a neutral recommendation on Perwaja Holdings Bhd share with the target price unchanged at 97 sen.
It attributed the company's poor earning visibility as a factor for the neutral call.
In its research note here today, it said the fair value was derived from a blended valuation of 0.75 times net tangible assets/share and seven times earnings per share on financial year 2010 numbers.
Considering that some of the raw materials are procured on provisional contracts with uncertain final prices, the management is unable to assess the ultimate financial performance, the research house said.
It, however added that it was looking at the company's potential upstream investments for future benefits which could help enhance shareholder value. -- BERNAMA
Company Name: PERWAJA HOLDINGS BERHAD
Research House: OSK
OSK Research Sdn Bhd has retained a neutral recommendation on Perwaja Holdings Bhd share with the target price unchanged at 97 sen.
It attributed the company's poor earning visibility as a factor for the neutral call.
In its research note here today, it said the fair value was derived from a blended valuation of 0.75 times net tangible assets/share and seven times earnings per share on financial year 2010 numbers.
Considering that some of the raw materials are procured on provisional contracts with uncertain final prices, the management is unable to assess the ultimate financial performance, the research house said.
It, however added that it was looking at the company's potential upstream investments for future benefits which could help enhance shareholder value. -- BERNAMA
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