May 24, 2011

PBA - 'Buy' call on PBA Hldgs reiterated

Stock Name: PBA
Company Name: PBA HOLDINGS BHD
Research House: OSK

OSK Research has reiterated its "buy" call on PBA Holdings Bhd with a higher future value of RM1.35 with a positive outlook, going forward, as a result of increased earnings accruing from higher tariff rates chargeable to trade consumers.

PBA's first quarter financial year earnings beat OSK's estimates with profits accounting for a third of the research house's full year forecast.

OSK increased its profit estimates for the company by 38 per cent, upon raising the research house's consumption forecast, from a drop of four per cent to an increase of two per cent.

The research house foresees a 19 per cent increase in revenue, year-over-year, from an increase of 9.2 per cent, previously. -- Bernama

No comments:

Post a Comment