Wednesday, August 25, 2010

Sino Hua-An International Berhad : Turnaround In 2QFY12/10 - 25/08/2010

•Above. Sino Hua-An’s 1HFY12/10 reported net profit of RM2.4m came in above our expectation (we projected a net loss of RM7.4m in FY12/10). We believe the variance against our forecast came largely from the wider-than-expected spread between metallurgical coal (input) and metallurgical coke (output). The results, however, were below market expectations with 1HFY12/10 net profit accounting for 4.8% of the concensus full-year estimate.

Sino Hua-An International Berhad : Turnaround In 2QFY12/10 - 25/08/2010

No comments:

Post a Comment