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Kenanga raises SEG's FY2014-2015 earnings

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Kenanga raises SEG's FY2014-2015 earnings Empty Kenanga raises SEG's FY2014-2015 earnings

Post by Cals Tue 25 Feb 2014, 01:34

Kenanga raises SEG's FY2014-2015 earnings
Business & Markets 2014
Written by Bernama   
Monday, 24 February 2014 12:18

KUALA LUMPUR (Feb 24): Kenanga Research has raised SEG International's 2014 and 2015 financial year earnings to RM35.9 million and RM40.5 million respectively, on a higher student base assumption.

The research house expects higher student intake this year driven by liberalisation in the Education Malaysia Global Services (EMGS) ruling.

It said SEG had also started to penetrate the online programmes segment in the late 2013, which would further expand its margin due to the a lower operating cost structure. 

Meanwhile, there is no solid progress on its international school segment due to merger and acquisitions to enhance shareholders' value.

Kenanga Research has maintained a "underperform" call on Seg International with a higher target price of RM1.17 from RM1.08 previously. 
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