Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
IOI Corporation; Hold; RM5.47
Price Target: RM5.50; IOI MK
FY12F-14F earnings revised by -5% to +4% to account for revised CPO prices and FX rates. We expect 2QFY12 NPAT to come in at RM450- 460m; up 74-78% QoQ on smaller FX losses. Indonesia expansion slowed in FY11; expect more aggressive 10k ha planting in FY12F. Lacklustre Singapore property sales and weak refining margins; Hold for dividends
Source - HwangDBS Research 14 Feb 2012
Company Name: IOI CORPORATION BHD
| Research House: HWANGDBS | Price Call: HOLD | Target Price: 5.50 |
IOI Corporation; Hold; RM5.47
Price Target: RM5.50; IOI MK
FY12F-14F earnings revised by -5% to +4% to account for revised CPO prices and FX rates. We expect 2QFY12 NPAT to come in at RM450- 460m; up 74-78% QoQ on smaller FX losses. Indonesia expansion slowed in FY11; expect more aggressive 10k ha planting in FY12F. Lacklustre Singapore property sales and weak refining margins; Hold for dividends
Source - HwangDBS Research 14 Feb 2012
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