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Buy IOI Corp shares: JF Apex

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Buy IOI Corp shares: JF Apex Empty Buy IOI Corp shares: JF Apex

Post by hlk Fri 02 Mar 2012, 19:59

IOI Corporation's manufacturing segment is expected to contribute more than 80 per cent of the group's bottomline in financial year 2012, says JF Apex Securities.

In a research note today, it said IOI's revenue contribution from resource-based manufacturing segment has increased to 80 per cent in 2011 against 77.6 per cent in 2010.

JF Apex recommended a "buy" call with a target price of RM5.95 based on 17 times financial year 2013 price earning ratio (PER).

"Being a large cap planter, we think the current share price is undervalued as it is trading at 15 times financial year 2013 PER," it added. -- Bernama

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Buy IOI Corp shares: JF Apex Empty Re: Buy IOI Corp shares: JF Apex

Post by Cals Sat 03 Mar 2012, 01:18

IOI last close today 5.42

i like to look at IOI-CS when premium down but now 4.24% +1

i cap R1 at 5.49 with triple top to breakout and MACD reversal if break this level

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