Stock Name: KOSSAN
Company Name: KOSSAN RUBBER INDUSTRIES BHD
Target RM3.66
FY11 was uncharacteristic due to the abnormal rise in rubber price. EPS growth will regain traction in FY12 when Kossan ramps up China sales where consumption is just 5% of developed standards. It will also launch a surgical product in Sep 2012, underpinning FY13 cash flow.
Source: CIMB Daybreak February 27, 2012, FULL PDF Report
Company Name: KOSSAN RUBBER INDUSTRIES BHD
| Research House: CIMB | Price Call: BUY | Target Price: 3.66 |
Target RM3.66
FY11 was uncharacteristic due to the abnormal rise in rubber price. EPS growth will regain traction in FY12 when Kossan ramps up China sales where consumption is just 5% of developed standards. It will also launch a surgical product in Sep 2012, underpinning FY13 cash flow.
Source: CIMB Daybreak February 27, 2012, FULL PDF Report
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