February 29, 2012

Masterskill Education Group - Flunking the test

Stock Name: MEGB
Company Name: MASTERSKILL EDUCATION GROUP
Research House: CIMBPrice Call: SELLTarget Price: 0.82




Target RM0.82

Masterskill's FY11 results were a letdown because of unexpected losses in 4Q. The dwindling of student numbers is expected to persist in 2012, underpinning a likely deceleration in earnings and margins. Dividends
are still the draw but sustainability is in question.


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