Stock Name: Moya Asia
Company Name: MOYA ASIA LIMITED
Research House: SIAS
SIAS Research in a May 20 research report says: "Moya Asia Ltd (Moya Asia; previously known as Moya Dayen Ltd) announced an impressive set of turnaround 1Q FY2011 results, with revenue rising $10.2 million y-o-y to $12.0 million.
"The increment was largely due to progressive recognition of the Cambodian projects which were secured over the past one year. 1Q FY11 revenue and PATMI represent a substantial 44.4% and 59.8% of our previous forecasts respectively. Balance sheet remained firm with $27.1 million cash.
"In view of the healthy order book (end 1QFY2011: $51 million), stable gross margin and effective cost management we are revising our FY2011F revenue and PATMI upward to $39.7 million and $3.94 million respectively. Intrinsic value of 15 cents. MAINTAIN INCREASE EXPOSURE."
Company Name: MOYA ASIA LIMITED
Research House: SIAS
SIAS Research in a May 20 research report says: "Moya Asia Ltd (Moya Asia; previously known as Moya Dayen Ltd) announced an impressive set of turnaround 1Q FY2011 results, with revenue rising $10.2 million y-o-y to $12.0 million.
"The increment was largely due to progressive recognition of the Cambodian projects which were secured over the past one year. 1Q FY11 revenue and PATMI represent a substantial 44.4% and 59.8% of our previous forecasts respectively. Balance sheet remained firm with $27.1 million cash.
"In view of the healthy order book (end 1QFY2011: $51 million), stable gross margin and effective cost management we are revising our FY2011F revenue and PATMI upward to $39.7 million and $3.94 million respectively. Intrinsic value of 15 cents. MAINTAIN INCREASE EXPOSURE."
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