PEC - PEC upgraded to 'outperform' by CIMB

Stock Name: PEC
Company Name: PEC LTD.
Research House: CIMB

CIMB in a Feb 11 research report says: "2Q11 net profit of $10.2 million (+11% y-o-y) was 23% above our expectation and 26% above consensus due to stronger-than-expected gross margins. 1H11 net profit of $19.0 million forms 56% of our FY2011 number.

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