February 23, 2012

IJM - 3Q earnings better than expected

Stock Name: IJMPLNT
Company Name: IJM PLANTATIONS BHD
Research House: HWANGDBSPrice Call: HOLDTarget Price: 3.15



IJM Plantations; Hold; RM3.40
Price Target: RM3.15 (Prev: RM3.10); IJMP MK

3QFY12 earnings above expectations. Raised FY12 earnings by 7% due to lower upkeep activities and
higher inventory for palm products. Maintain Hold with revised RM3.15 TP.

Source: HwangDBS Research 23 Feb 2012

No comments:

Post a Comment