•In line with ours, but below consensus. IOIC’s FY06/10 earnings ex-EI was in line with our forecast, coming in at 95.1% of our FY10 projection, but below consensus expectations, coming in at 90.2% of consensus forecast. IOIC recorded an EI gain of RM395.8m on translation of its US$-debt for FY10. IOIC declared a final net DPS of 10 sen (4QFY09: 2 sen), bringing FY10 net DPS to 17 sen (FY09: 8 sen), or a net payout of 51.6%, higher than our projected 45%. This translates to net yield of 3.2%.
IOI Corporation Berhad : Prospects Looking Better For FY11 - 25/08/2010
No comments:
Post a Comment