February 28, 2012

JT International - Under fire from higher costs

Stock Name: JTINTER
Company Name: JT INTERNATIONAL BHD
Research House: CIMBPrice Call: BUYTarget Price: 7.50



Target RM7.50


A jump in marketing cost and other operating costs stubbed out JTI's ability to meet FY11 forecasts. Contrary to our expectations, there was no special dividend despite a 37% qoq jump in net cash to RM260m,
close to the level three years ago when it paid a special dividend


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