February 27, 2012

GUANCHG - Cautious demand outlook

Stock Name: GUANCHG
Company Name: GUAN CHONG BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 2.80



Guan Chong; Buy; RM2.48
Price Target: RM2.80; GUAN MK
4Q11 net profit of RM32.5m was within expectations; proposed final interim DPS of 2 sen. On track to raise
annual capacity from 140k MT to 200k MT by mid-12. Maintain Buy with RM2.80 TP (8x FY12F FD EPS).

Source: HwangDBS Research 27 Feb 2012

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