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Pos Malaysia (BUY) - In line with our expectation
Pos Malaysia (BUY)
In line with our expectation
- FY03/12 core net profit of RM105.4m came in within our expectation at 96.4% of our full-year forecast. Against the consensus, the results came in below expectations at only 70.7% of the consensus estimates.
- Earnings forecasts and TP of RM3.20 (based on 13x 2012 EPS) are maintained for now, pending further update with management.
Source: Hong Leong Investment Bank Research - 24 May 2012
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2012-06-16 10:38