Falcon Energy Group downgraded to 'hold' by Kim Eng

Stock Name: FalconEne
Company Name: FALCON ENERGY GROUP LIMITED
Research House: Kim Eng

Kim Eng Research in a Feb 28 research report says: "4Q10 results were lower-than-expected. On a full-year basis, net profit contracted by almost 60% to US$11.3 million, weighed down by its marine division and higher administrative expenses relating to the provision of doubtful debts.

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