Stock Name: MEGB
Company Name: MASTERSKILL EDUCATION GROUP
RHB Research upgraded Masterskill Education Group Bhd to "market perform" from "underperform" as it believes there is limited downside going forward given that the share price is close to its all-time low of 0.87 per share.
"We believe that much of the bad news is already in the price," the research house said in a note on Tuesday.
RHB said it estimated a smaller net loss of RM0.7 million for 2012 and net profit of RM4.7 million and RM10.4 million for 2013 and 2014 respectively after reviewing their student growth assumptions upwards.
It also raised Masterskill's fair value to RM0.88 a share from RM0.85.
By 1006 am (0206 GMT), shares of Masterskill remained unchanged at RM0.88 a share, outperforming the Malaysia's benchmark stock index's 0.17 percent rise. -- Reuters
Company Name: MASTERSKILL EDUCATION GROUP
| Research House: RHB | Price Call: HOLD | Target Price: 0.88 |
RHB Research upgraded Masterskill Education Group Bhd to "market perform" from "underperform" as it believes there is limited downside going forward given that the share price is close to its all-time low of 0.87 per share.
"We believe that much of the bad news is already in the price," the research house said in a note on Tuesday.
RHB said it estimated a smaller net loss of RM0.7 million for 2012 and net profit of RM4.7 million and RM10.4 million for 2013 and 2014 respectively after reviewing their student growth assumptions upwards.
It also raised Masterskill's fair value to RM0.88 a share from RM0.85.
By 1006 am (0206 GMT), shares of Masterskill remained unchanged at RM0.88 a share, outperforming the Malaysia's benchmark stock index's 0.17 percent rise. -- Reuters
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