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NewsHLIB Research maintains ‘hold’ call on Pos Malaysia, retains TP RM4.65
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HLIB Research maintains ‘hold’ call on Pos Malaysia, retains TP RM4.65
by Cals Mon 19 Aug 2013, 18:12
HLIB Research maintains ‘hold’ call on Pos Malaysia, retains TP RM4.65
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Monday, 19 August 2013 16:34
KUALA LUMPUR (Aug 19): Hong Leong Investment Bank Research has maintained its ‘hold’ call on Pos Malaysia (POS) while retaining its target price (TP) RM4.65, in light of its strong 1Q14 result.
In a note today, the research house said Pos Malaysia's revenue rose on the back of strong volumes in all business segments, except for retail division.
It was also partly boosted by the general elections.
The entity recorded a revenue hike of 14.3% year-on-year (y-o-y) at RM355.8 million while 1QFY03/14 core net profit climbed 40.9% to RM43.6 million.
Meanwhile, 1QFY03/14 core net profit rose 37.7% quarter-on-quarter while revenue grew 3.3%.
HLIB Research analyst Daniel Wong said, “This is due to higher top-line from divisions delving in sales of digital certificates and printing and insertion business.”
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Monday, 19 August 2013 16:34
KUALA LUMPUR (Aug 19): Hong Leong Investment Bank Research has maintained its ‘hold’ call on Pos Malaysia (POS) while retaining its target price (TP) RM4.65, in light of its strong 1Q14 result.
In a note today, the research house said Pos Malaysia's revenue rose on the back of strong volumes in all business segments, except for retail division.
It was also partly boosted by the general elections.
The entity recorded a revenue hike of 14.3% year-on-year (y-o-y) at RM355.8 million while 1QFY03/14 core net profit climbed 40.9% to RM43.6 million.
Meanwhile, 1QFY03/14 core net profit rose 37.7% quarter-on-quarter while revenue grew 3.3%.
HLIB Research analyst Daniel Wong said, “This is due to higher top-line from divisions delving in sales of digital certificates and printing and insertion business.”
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