Stock Name: HELP
Company Name: HELP INTERNATIONAL CORPORATION
RHB Research revises its target price on Malaysian education firm Help International Corp Bhd down to RM1.65 per share from RM1.80 on lower net profit recorded in the first quarter.
"Net profit missed estimates, at only 8-9 percent of our and consensus estimates," the broker said in a research note on Friday.
Maintaining "market perform" on the counter, RHB Research also revised down its earnings per share estimates for Help's fiscal year ending Oct. 31 2012 (FY12) to FY14 by 5-10 percent after fine-tuning student growth assumptions and factoring in higher costs.
By 9.20am in Kuala Lumpur trading, Help dropped 3.03 percent, underperforming Malaysia's benchmark stock index, which rose 0.29 percent. -- Reuters
Company Name: HELP INTERNATIONAL CORPORATION
| Research House: RHB | Price Call: HOLD | Target Price: 1.65 |
RHB Research revises its target price on Malaysian education firm Help International Corp Bhd down to RM1.65 per share from RM1.80 on lower net profit recorded in the first quarter.
"Net profit missed estimates, at only 8-9 percent of our and consensus estimates," the broker said in a research note on Friday.
Maintaining "market perform" on the counter, RHB Research also revised down its earnings per share estimates for Help's fiscal year ending Oct. 31 2012 (FY12) to FY14 by 5-10 percent after fine-tuning student growth assumptions and factoring in higher costs.
By 9.20am in Kuala Lumpur trading, Help dropped 3.03 percent, underperforming Malaysia's benchmark stock index, which rose 0.29 percent. -- Reuters
No comments:
Post a Comment