Monday, February 14, 2011

RafflesEdu - Raffles Education Corporation rated 'hold' by OCBC

Stock Name: RafflesEdu
Company Name: RAFFLES EDUCATION CORP LIMITED
Research House: OCBC

OCBC Investment Research in a Feb 11 research report says: "Raffles Education Corp (REC) reported its 2QFY11 results with revenue dipping 12.2% y-o-y and 1.9% q-o-q to $41.4 million; while net profit fell 19.7% y-o-y and 3.8% q-o-q to $5.6 million.

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