Stock Name: KFC
Company Name: KFC HOLDINGS (M) BHD
Research House: OSK
Company Name: KFC HOLDINGS (M) BHD
Research House: OSK
OSK Research Sdn Bhd has maintained its forecast on KFC Holdings (Malaysia) Bhd's earnings at RM164.6 million and RM181.5 million for the financial year 2011 and 2012, respectively.
This is because KFC's first quarter financial year 2011 revenue and net profit of RM644.2 million and RM36.1 million respectively, was within its estimates, OSK said in a research note today.
The positive performance was mainly due to better sales from KFC restaurants and integrated poultry segment, which grew 9.4 per cent to RM489.5 million and 4.8 per cent to RM130.9 million, respectively.
"We see the earnings before income and tax (EBIT) margin hovering at the current level, as the recent stabilisation in raw material prices and stronger ringgit against the US dollar, compensates for the high start-up costs in India," OSK Research said.
KFC's first quarter financial year 2011 EBIT margin stood at 8.4 per cent versus 8.5 per cent in the preceding year.
OSK Research also said KFC's earnings for financial year 2011 and 2012 was maintained, due to its plans for more new outlets to beef up sales.
KFC has targeted to achieve 543 outlets in Malaysia, 81 in Singapore and 17 in India by year-end. For 2012, it plans to open 25 outlets in Malaysia, three in Singapore and 13 in India, it said.
KFC has 519 outlets in Malaysia, 79 in Singapore and eight in India at present. -- Bernama
This is because KFC's first quarter financial year 2011 revenue and net profit of RM644.2 million and RM36.1 million respectively, was within its estimates, OSK said in a research note today.
The positive performance was mainly due to better sales from KFC restaurants and integrated poultry segment, which grew 9.4 per cent to RM489.5 million and 4.8 per cent to RM130.9 million, respectively.
"We see the earnings before income and tax (EBIT) margin hovering at the current level, as the recent stabilisation in raw material prices and stronger ringgit against the US dollar, compensates for the high start-up costs in India," OSK Research said.
KFC's first quarter financial year 2011 EBIT margin stood at 8.4 per cent versus 8.5 per cent in the preceding year.
OSK Research also said KFC's earnings for financial year 2011 and 2012 was maintained, due to its plans for more new outlets to beef up sales.
KFC has targeted to achieve 543 outlets in Malaysia, 81 in Singapore and 17 in India by year-end. For 2012, it plans to open 25 outlets in Malaysia, three in Singapore and 13 in India, it said.
KFC has 519 outlets in Malaysia, 79 in Singapore and eight in India at present. -- Bernama
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