Stock Name: KNM
Company Name: KNM GROUP BHD
Target price cut to RM0.88 (-19%) following a 10-19% downgrade in FY12-13F earnings forecasts on lower revenue recognition. While margin pressure has abated on improving order flows, we are cautious of KNM's cost management abilities and so retain a conservative stance on our estimates. KNM needs to deliver a consistent set of quarterly results to warrant a re-rating. Sell maintained.
Maybank research (13 January 2012)
Click here for full report
Company Name: KNM GROUP BHD
| Research House: MAYBANK | Price Call: SELL | Target Price: 0.88 |
Target price cut to RM0.88 (-19%) following a 10-19% downgrade in FY12-13F earnings forecasts on lower revenue recognition. While margin pressure has abated on improving order flows, we are cautious of KNM's cost management abilities and so retain a conservative stance on our estimates. KNM needs to deliver a consistent set of quarterly results to warrant a re-rating. Sell maintained.
Maybank research (13 January 2012)
Click here for full report
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