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RHB Research starts coverage on Scientex, fair value RM6.36

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RHB Research starts coverage on Scientex, fair value RM6.36 Empty RHB Research starts coverage on Scientex, fair value RM6.36

Post by Cals Wed 12 Mar 2014, 08:25

RHB Research starts coverage on Scientex, fair value RM6.36
Business & Markets 2014
Written by theedgemalaysia.com   
Wednesday, 12 March 2014 07:57

KUALA LUMPUR (March 12): RHB Research has initiated coverage on Scientex Bhd with a Buy rating and fair value of RM6.36 and said it expects the company register FY14F-16F earnings of RM143 million -RM192 million, implying a 10.2% 3-year CAGR.

“We like Scientex for its: i) fast-expanding plastic film manufacturing segment, ii) reputable brand name in southern Malaysia’s property market, and iii) committed management team under the founding Lim family, which now holds a 60% stake,” it said in a note Wednesday.
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