Stock Name: PELIKAN
Company Name: PELIKAN INT.CORPORATION BHD
Company Name: PELIKAN INT.CORPORATION BHD
| Research House: CIMB | Price Call: SELL | Target Price: 0.71 |
Target RM0.71
Pelikan says it will save around RM200m in costs annually by laying off nearly 9% of its staff. There is however a risk that the savings won't be enough, especially if revenues fall further as Europe's economy continues to languish with little hope of a near-term recovery.
No comments:
Post a Comment