♦ In line, 2H usually the stronger half. CBIP’s 1HFY10 net profit was in line with our estimate, coming in at 42% of our FY10 forecast, but below consensus estimate, coming in at 38.5% of consensus FY10 forecast. We expect stronger earnings in the 2H, in line with CBIP’s traditional earnings patterns. CBIP declared a second interim dividend of 5 sen (tax exempt), which is in line with our expectations.
CB Industrial Product Berhad : Expect Stronger 2H - 24/08/2010
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