Otto Marine rated 'hold' by Phillip Securities

Stock Name: Otto Marine
Company Name: OTTO MARINE LIMITED
Research House: Phillip Securities

Phillip Securities Research in a Feb 21 research report says: "Otto Marine reported FY2010 revenue of $579.9 million (+36.4% y-o-y) and net profit of $40.7 million (-22.3% y-o-y). The revenue was 10.1% below our estimate of $645.2 million while the net profit was 31.9% lower than our forecast of $59.7 million.

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