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Carlsberg Malaysia has entered into an MoU with parent, Carlsberg A/S, to acquire 100% of Carlsberg Singapore for RM370 mn. This related party transaction will be put up for minority shareholder vote in late October. We view the deal positively, the price tag is fair, offers significant potential upside to...
Share price dips on concerns of forex losses, which have already been factored in the consensus forecasts, provide buying opportunity. Strong core earnings in 2010. Maintain BUY and target price of RM4.24Share price battered after hitting a 52-week high. Kossan hit a 52-week high following a slew of...
1QFY10 results likely to be lower qoq and yoy, due to lower CPO ASP. Sell into strength; expect the share price to retreat due to weakness in CPO prices. Maintain SELL, fair price of RM2.55 based on 15x FY10 PE.Substantially lower yoy. Yoy, 1QFY09 net profit contraction can be as high as -60% due to : a)...
2Q09 net earnings declined significantly (-21.4% yoy; -14.9% qoq) and EBITDA margin fell further to 43.3%. Trading at a high premium given its weak market position. Maintain SELL with fair price at RM20.00/share.1H09 net earnings 3.8% and 7.7% below our and consensus estimates respectively. DiGi.Com (DiGi)...