Stock Name: MSM
Company Name: MSM MALAYSIA HOLDINGS BERHAD
Maintain Hold. MSM is expected to release its 4Q11 results in the fourth week of February. 4Q11 is a seasonally strong quarter due to the year-end school holidays and Christmas. Furthermore, MSM will reap the benefit of softening raw sugar prices in the quarter. We however estimate a mismatch in the new locked-in cost of raw sugar versus the new government subsidy. Maintain Hold, as we put our DDM-based target price of RM4.10/share under review pending clarifications.
Maybank Research 16 Feb 2012
Click here for full report
Company Name: MSM MALAYSIA HOLDINGS BERHAD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 4.10 |
Maintain Hold. MSM is expected to release its 4Q11 results in the fourth week of February. 4Q11 is a seasonally strong quarter due to the year-end school holidays and Christmas. Furthermore, MSM will reap the benefit of softening raw sugar prices in the quarter. We however estimate a mismatch in the new locked-in cost of raw sugar versus the new government subsidy. Maintain Hold, as we put our DDM-based target price of RM4.10/share under review pending clarifications.
Maybank Research 16 Feb 2012
Click here for full report
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