Visit Note
- Faber submitted its application for a renewal of its government hospitals non-medical support services concession to the Ministry of Health in Oct 2009. The outcome is expected to be known by Oct 2010. We maintain our view that the concession agreement is likely to be renewed.
- Management expects softer UAE earnings in 2H10 due to seasonal factors i.e. ramadhan and summer when less work can be done. This is in line with our expectation.
RHB Equity 360° - 21 September 2010 (Faber, Sime Darby, B-Toto; Technical: TNB)
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