February 29, 2012

BOLTON - Waiting for catalysts

Stock Name: BOLTON
Company Name: BOLTON BHD
Research House: HWANGDBSPrice Call: SELLTarget Price: 0.75



Bolton Berhad; Fully Valued; RM0.84
Price Target: RM0.75; BOL MK

Results were slightly above expectation; 9M earnings made up 80% of FY12F. Look forward to launch of Tijani Ukay & Mayang in 2H12. Maintain Fully Valued and RM0.75 TP.

Source: HwangDBS Research 29 Feb 2012

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