Stock Name: BONIA
Company Name: BONIA CORPORATION BHD
KUALA LUMPUR: Affin Investment Bank Research is maintaining its Buy call on Bonia Corp with an unchanged target price of RM2.50, pegged to a PE target of 10 times on CY12 EPS.
It said on Thursday, Oct20 Bonia will continue to benefit from: 1) its 2010 acquisition of the Singapore-based Jeco Group, and; 2) sturdy consumer spending from income growth and upcoming festive sales.
'Key risks to the stock are a slowdown in consumer spending and potentially higher food/fuel prices due to the government's agenda in rolling back subsidies,' it said.
Company Name: BONIA CORPORATION BHD
| Research House: AFFIN | Price Call: BUY | Target Price: 2.50 |
KUALA LUMPUR: Affin Investment Bank Research is maintaining its Buy call on Bonia Corp with an unchanged target price of RM2.50, pegged to a PE target of 10 times on CY12 EPS.
It said on Thursday, Oct20 Bonia will continue to benefit from: 1) its 2010 acquisition of the Singapore-based Jeco Group, and; 2) sturdy consumer spending from income growth and upcoming festive sales.
'Key risks to the stock are a slowdown in consumer spending and potentially higher food/fuel prices due to the government's agenda in rolling back subsidies,' it said.
No comments:
Post a Comment