Thursday, February 17, 2011

Tiong Woon Corp Holding rated 'underperform' by CIMB

Stock Name: TiongWoon
Company Name: TIONG WOON CORP HOLDING LTD
Research House: CIMB

CIMB in a Feb 15 research report says: "2Q11 net profit of $0.5 million (-66% y-o-y) came in below our estimate and consensus, forming 7% of our FY2011 forecast. Weaker-than-expected turnover and gross margin were to be blamed for the variance.

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