♦ 1HFY12/10 results preview. Taking the cue from the strong steel product prices that were sustained into early-May, we believe CSC Steel’s 2QFY12/10 results (due out on 6 Aug 10) is likely to come in at RM32-33m, which is 5-8% higher than the previous quarter’s net profit of RM30.6m. This means CSC Steel’s 1HFY12/10 net profit is likely to come in at RM62-64m, which is 74.3-76.7% of our full-year forecast.
CSC Steel Berhad : Strong Performance To Sustain Into 2QFY12/10 - 27/07/2010
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