Stock Name: KFC
Company Name: KFC HOLDINGS (M) BHD
Net profit declined in 2011. Net profit of RM144m (-8% YoY) was in line with our estimates of RM147m but below consensus' RM157m. Total revenue grew 11% YoY, driven by healthy sales growth across all divisions. Our forecasts are maintained, as are our Hold call and TP of RM4.00, equivalent to the offer price by Massive Equity.
Maybank Research 29 Feb 2012
Click here for full report
Company Name: KFC HOLDINGS (M) BHD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 4.00 |
Net profit declined in 2011. Net profit of RM144m (-8% YoY) was in line with our estimates of RM147m but below consensus' RM157m. Total revenue grew 11% YoY, driven by healthy sales growth across all divisions. Our forecasts are maintained, as are our Hold call and TP of RM4.00, equivalent to the offer price by Massive Equity.
Maybank Research 29 Feb 2012
Click here for full report
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