Friday, February 25, 2011

Rotary Engineering rated 'outperform' by CIMB

Stock Name: Rotary
Company Name: ROTARY ENGINEERING LIMITED
Research House: CIMB

CIMB in a Feb 24 research report says: "4Q10 net profit of $25.9 million (flat y-o-y) was 59% above our expectation and 46% above consensus, due to stronger-than-expected gross margins. FY2010 net profit of $63.7 million forms 118% of our forecast.

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