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