|
Top Calls
|
||
|
|
||
|
Company Update � Hartalega (ADD, maintain)
Looking beyond FY15 Our recent talk with Hartalega�s management further confirms that the first phase of its NGC is on track for completion by 4QCY15. This would lift its total production capacity to 21bn pieces per annum. While this is positive for FY16-17, FY15 earnings will likely come in flat due to the group�s capacity constraints coupled with inflationary pressures. We maintain our ADD rating with a slightly higher TP of RM6.86 (from RM6.80).
|
|
Other Calls
|
||
|
|
||
|
||
|
||
|
||
|
||
|
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.