February 29, 2012

Media Chinese Int'l - Record quarter in HK but it's not sustainable

Stock Name: MEDIAC
Company Name: MEDIA CHINESE INTERNATIONAL LT
Research House: CIMBPrice Call: HOLDTarget Price: 1.21




Target RM1.21

MCIL's 3QFY3/12 was seasonally strong as all major publishing titles showed ad revenue growth. But this may not be repeated as the HK print adex market is going into a lull after the peak CNY period.


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