Stock Name: COCOLND
Company Name: COCOALAND HOLDINGS BHD
Company Name: COCOALAND HOLDINGS BHD
| Research House: CIMB | Price Call: SELL | Target Price: 1.84 |
Target RM1.84
As Cocoaland's new factory is only expected to be ready at the end of this year instead of mid-12, FY12 earnings growth will mainly be driven by higher prices. Despite the 34% FY11 earnings outperformance, valuations remain expensive for this F&B small cap.
As Cocoaland's new factory is only expected to be ready at the end of this year instead of mid-12, FY12 earnings growth will mainly be driven by higher prices. Despite the 34% FY11 earnings outperformance, valuations remain expensive for this F&B small cap.
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