February 10, 2011

PELIKAN - Pelikan cut to 'hold' on earnings risk

Stock Name: PELIKAN
Company Name: PELIKAN INT.CORPORATION BHD
Research House: HWANGDBS

PELIKAN International Corp, a Malaysian pen and stationary maker, was cut to “hold” from “buy” at HwangDBS Vickers Research Sdn Bhd, which said the company faces growing earnings risk.

The share price estimate was reduced to RM1.20 from RM1.40, Hon Seow Mee, an analyst at HwangDBS, said in a report today. - Bloomberg

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