Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


RHB cuts Ahmad Zaki EPS, FV lowered to 96 sen

Bursa Community :: Community News

Go down

RHB cuts Ahmad Zaki EPS, FV lowered to 96 sen Empty RHB cuts Ahmad Zaki EPS, FV lowered to 96 sen

Post by Cals Mon 14 Apr 2014, 17:36

RHB cuts Ahmad Zaki EPS, FV lowered to 96 sen
Business & Markets 2014
Written by Jonathan Gan of theedgemalaysia.com   
Monday, 14 April 2014 08:33

KUALA LUMPUR (Apr 14): RHB Research Institute Sdn Bhd has cut its earnings per share (EPS) forecast for builder Ahmad Zaki Resources Bhd by between 49% and 53%. This takes into account an expanded share base due to the company's rights issue.

In a note today, RHB analyst Joshua Ng said the firm has maintained its “buy” call on Ahmad Zaki shares but with a lower revised fair value (FV)of 96 sen. This compares with RM1.33 previously.

Ng said : “We maintain our "buy" call but reduce our FY14-15 EPS forecasts by 53-49% respectively and FV by 28% to MYR0.96 (from MYR1.33), to factor in a 75% increase in its share base, which resulted from a 6-for-8 rights issue."

"Ahmad Zaki is a good small-cap proxy to public infrastructure spending. We also like the company for its concession assets and oil palm plantations in Indonesia," he said.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum