Weaker 4Q earnings expected … Tanjong is expected to report its 4QFY01/10 results sometime next week. Our full-year net profit estimate implies that 4Q net profit could be down by around 20% yoy (ex-4QFY09 exceptionals) and 30% qoq. Both the power and gaming divisions are expected to post weaker earnings yoy and qoq (details below) while we expect a qoq drop in contribution from Tropical Island largely due to
seasonality.
Tanjong plc: A Weaker 4Q, But Largely Expected - 16/03/2010
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