♦ 1QFY03/11 results in line. RCE’s FY03/11 got off to a strong start with
1Q net profit of RM23.6m (+27.5% yoy; +3.8% qoq) accounting for 28%
of our and 26% of consensus full-year net profit forecasts respectively.
Nevertheless, we consider the results to be in line with expectations given
the low provision for doubtful debts made during the quarter (15.7% of
full-year estimates), which tends to be lumpy. As expected, RCE did not
declare any dividend.
RCE Capital Berhad : Strong Start To The Year - 16/08/2010
No comments:
Post a Comment