Stock Name: KNM
Company Name: KNM GROUP BHD
Upgrade to Hold. Results were ahead of expectations. KNM was operationally positive in 4Q11, a pleasant surprise. While we remain cautious over its cost management abilities, the worst appears to be over for KNM, with most of the negatives priced in following a 39% QoQ decline in its share price. Against this backdrop, we upgrade KNM to a Hold with an unchanged TP of RM0.88 on 8x 2013 PER. KNM needs to deliver a consistent set of quarterly results to warrant further re-rating.
Maybank Research 29 Feb 2012
Click here for full report
Company Name: KNM GROUP BHD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 0.88 |
Upgrade to Hold. Results were ahead of expectations. KNM was operationally positive in 4Q11, a pleasant surprise. While we remain cautious over its cost management abilities, the worst appears to be over for KNM, with most of the negatives priced in following a 39% QoQ decline in its share price. Against this backdrop, we upgrade KNM to a Hold with an unchanged TP of RM0.88 on 8x 2013 PER. KNM needs to deliver a consistent set of quarterly results to warrant further re-rating.
Maybank Research 29 Feb 2012
Click here for full report
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