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NewsRHB Research maintains Sell on JCY, raises fair value to 45 sen
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RHB Research maintains Sell on JCY, raises fair value to 45 sen
by Cals Tue 20 Aug 2013, 09:46
RHB Research maintains Sell on JCY, raises fair value to 45 sen
Business & Markets 2013
Written by theedgemalaysia.com
Tuesday, 20 August 2013 09:25
KUALA LUMPUR (Aug 20): RHB Research has maintained its Sell rating on JCY International Bhd at 68 sen with a revised fair value of 45 sen (from 42 sen) after the company posted 9MFY13 core loss of RM71.7 million (-117% year-on-year), beating RHB Research’s estimates but in line with consensus.
In a note Tuesday, RHB Research said that all in, it bumped up its FY13-15 forecasts by 30%-120% to factor in weaker ringgit and lower opex assumptions.
“As we see another lacklustre year ahead, we maintain our Sell call on JCY, with a new fair value of 45 sen (from 42 sen), pegged to an unchanged 0.9x CY14 P/NTA.
Business & Markets 2013
Written by theedgemalaysia.com
Tuesday, 20 August 2013 09:25
KUALA LUMPUR (Aug 20): RHB Research has maintained its Sell rating on JCY International Bhd at 68 sen with a revised fair value of 45 sen (from 42 sen) after the company posted 9MFY13 core loss of RM71.7 million (-117% year-on-year), beating RHB Research’s estimates but in line with consensus.
In a note Tuesday, RHB Research said that all in, it bumped up its FY13-15 forecasts by 30%-120% to factor in weaker ringgit and lower opex assumptions.
“As we see another lacklustre year ahead, we maintain our Sell call on JCY, with a new fair value of 45 sen (from 42 sen), pegged to an unchanged 0.9x CY14 P/NTA.
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