Stock Name: MISC
Company Name: MISC BHD
Research House: HWANGDBS
KUALA LUMPUR: Hwang DBS Vickers Research is maintaining a Hold on MISC BHD [] at RM7.31 and sum-of-parts target price of RM8.30.
It said on Thursday, May 12 MISC was hit by larger tanker losses where the 4QFY11 core earnings tumbled 93% on-quarter, taking FY11 core earnings to RM948 million (+35% on-year) - far below expectations.
'Larger-than-expected petroleum shipping losses and weak US dollar dragged down earnings. Maintain Hold and RM8.30 SOP-derived TP,' it said.
Company Name: MISC BHD
Research House: HWANGDBS
KUALA LUMPUR: Hwang DBS Vickers Research is maintaining a Hold on MISC BHD [] at RM7.31 and sum-of-parts target price of RM8.30.
It said on Thursday, May 12 MISC was hit by larger tanker losses where the 4QFY11 core earnings tumbled 93% on-quarter, taking FY11 core earnings to RM948 million (+35% on-year) - far below expectations.
'Larger-than-expected petroleum shipping losses and weak US dollar dragged down earnings. Maintain Hold and RM8.30 SOP-derived TP,' it said.
No comments:
Post a Comment