Stock Name: KOSSAN
Company Name: KOSSAN RUBBER INDUSTRIES BHD
Kossan Rubber Industries; Hold; RM3.28
Price Target: RM3.30; KRI MK
4Q11/FY11 results were within our expectations, but slightly below consensus expectations. Adding 1.25bn pieces capacity by 2H2012, and raising nitrile gloves mix to 48% from 40%. Maintain Hold and RM3.30 TP.
Source: HwangDBS Research 27 Feb 2012
Company Name: KOSSAN RUBBER INDUSTRIES BHD
| Research House: HWANGDBS | Price Call: HOLD | Target Price: 3.30 |
Kossan Rubber Industries; Hold; RM3.28
Price Target: RM3.30; KRI MK
4Q11/FY11 results were within our expectations, but slightly below consensus expectations. Adding 1.25bn pieces capacity by 2H2012, and raising nitrile gloves mix to 48% from 40%. Maintain Hold and RM3.30 TP.
Source: HwangDBS Research 27 Feb 2012
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