Stock Name: APM
Company Name: APM AUTOMOTIVE HOLDINGS BHD
APM Automotive; Buy; RM4.57
Price Target: RM5.60 (Prev RM4.60); APM MK
Raised FY12/13F earnings by 10%/15% on strong OEM and export segments, and synergies with local auto assemblers. Valuation cheap at 7x forward PE (4x ex-cash PE). Upgrade to Buy, raised TP to RM5.60; FY12F net dividend yield of 3%, possible special cash dividend.
Source: HwangDBS Reserach - 4 April 2012
Company Name: APM AUTOMOTIVE HOLDINGS BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 4.57 |
APM Automotive; Buy; RM4.57
Price Target: RM5.60 (Prev RM4.60); APM MK
Raised FY12/13F earnings by 10%/15% on strong OEM and export segments, and synergies with local auto assemblers. Valuation cheap at 7x forward PE (4x ex-cash PE). Upgrade to Buy, raised TP to RM5.60; FY12F net dividend yield of 3%, possible special cash dividend.
Source: HwangDBS Reserach - 4 April 2012
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