Wednesday, March 2, 2011

Yongnam Holdings rated 'outperform' by CIMB

Stock Name: Yongnam
Company Name: YONGNAM HOLDINGS LIMITED
Research House: CIMB

CIMB in a Mar 1 research report says: "4Q10 net profit of $13.6 million (+64% y-o-y) met our estimate and consensus. FY2010 net profit of $54.4 million (+36% y-o-y) represents 99.5% of our forecast. No surprises with YNH booking its fifth consecutive year of record profits.

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