March 20, 2012

CBIP - Looking attractive

Stock Name: CBIP
Company Name: CB INDUSTRIAL PRODUCT HOLDING
Research House: HWANGDBSPrice Call: BUYTarget Price: 3.00



CB Industrial Product; Buy; RM2.44
Price Target: RM3.00; CBP MK

Robust earnings supported by strong demand for Modipalm mills and capacity expansion; potential upside to margins. Expect special dividend from plantation sale proceeds. Attractive valuations; BUY with higher RM3.00 TP.

Source: HwangDBS Research 20 March 2012

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