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NewsRHB Research downgrades Datasonic to Neutral, fair value RM4.08
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RHB Research downgrades Datasonic to Neutral, fair value RM4.08
by Cals Mon 02 Jun 2014, 23:55
| RHB Research downgrades Datasonic to Neutral, fair value RM4.08 |
| Business & Markets 2014 |
| Written by theedgemalaysia.com |
| Monday, 02 June 2014 08:13 KUALA LUMPUR (June 2): RHB Research has downgraded Datasonic Group Bhd to Neutral with an unchanged fair value (FV) of RM4.08 and said Datasonic’s quarterly earnings of MYR12.4m came in within expectations. In a note Monday, the research house said while numbers may seem weak at first glance, earnings momentum should pick up substantially come 2QCY14 as it expects Datasonic to deliver 4 million MyKad copies by June 2014. “Nonetheless, given the limited upside, we are downgrading our call to Neutral with our FV unchanged at RM4.08,” it said. |
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