JT International - Coughing up more for capex

Stock Name: JTINTER
Company Name: JT INTERNATIONAL BHD

Research House: CIMB

Price Call: HOLD

Target Price: 7.40

Target RM7.40

One negative surprise from JTI's analyst briefing was its higher capex of RM30m for this year, going largely to packaging machines. Though its market share is still heading south, this is balanced by the possibility of a capital management initiative.

Source: CIMB Daybreak February 29, 2012, Full PDF Report