In line. 1HFY12/10 net profit of RM62.2m came in at 74.6% of our and 70.8% of the consensus full-year estimates. However, we consider the results within expectations as we believe CSC Steel's performance is likely to weaken significantly in 3Q, underpinned by the weakening in both demand and prices of steel products since May 10.
CSC Steel Berhad : 1HFY12/10 Performance Soars On Improved Margins - 10/08/2010
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