Stock Name: SEG
Company Name: SEG INTERNATIONAL BHD
RHB Research cut SEG International Bhd's (SEGi) fair value to RM2.20 per share from RM2.25 after the education firm's first-half earnings came in slightly below its expectations.
The research house cut its 2012-2014 earnings forecast on SEGi by 3.9-5.9 percent annually after revising its student growth and cost assumptions.
"Nonetheless, we believe that SEGi remains an attractive investment due to its long-term growth prospects," RHB said in a research note on Tuesday, maintaining its "outperform" rating on the stock.
By 9:38am, shares of SEGi remained unchanged at RM2.02. -- Reuters
Company Name: SEG INTERNATIONAL BHD
| Research House: RHB | Price Call: BUY | Target Price: 2.20 |
RHB Research cut SEG International Bhd's (SEGi) fair value to RM2.20 per share from RM2.25 after the education firm's first-half earnings came in slightly below its expectations.
The research house cut its 2012-2014 earnings forecast on SEGi by 3.9-5.9 percent annually after revising its student growth and cost assumptions.
"Nonetheless, we believe that SEGi remains an attractive investment due to its long-term growth prospects," RHB said in a research note on Tuesday, maintaining its "outperform" rating on the stock.
By 9:38am, shares of SEGi remained unchanged at RM2.02. -- Reuters
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