Stock Name: BBR Hldg
Company Name: BBR HOLDINGS (S) LTD
DMG & Partners Research in an Aug 10 research report says: "BBR's 2Q11 earnings were in line with expectations at $4.6 million (+72.4% y-o-y), making up 48.3% of our FY2011 estimates. This was attributable to higher revenue from all business segments.
"On the back of a stronger than expected topline performance, we raise our FY2011 and FY2012 revenue forecasts, but offset by lower gross profit margin on the back of rising costs and competition. FY2011 and FY2012 earnings are now estimated to come in at $21.1 million (-27.4% from earlier forecast) and $24.3 million (-23.8% from previous estimates) respectively.
"Valuations remain attractive at 3.6x prospective earnings. Lower target price of 38 cents (52 cents previously), based on 5.5x FY11 P/E. MAINTAIN BUY."
Company Name: BBR HOLDINGS (S) LTD
| Research House: DMG | Price Call: BUY | Target Price: 0.38 |
DMG & Partners Research in an Aug 10 research report says: "BBR's 2Q11 earnings were in line with expectations at $4.6 million (+72.4% y-o-y), making up 48.3% of our FY2011 estimates. This was attributable to higher revenue from all business segments.
"On the back of a stronger than expected topline performance, we raise our FY2011 and FY2012 revenue forecasts, but offset by lower gross profit margin on the back of rising costs and competition. FY2011 and FY2012 earnings are now estimated to come in at $21.1 million (-27.4% from earlier forecast) and $24.3 million (-23.8% from previous estimates) respectively.
"Valuations remain attractive at 3.6x prospective earnings. Lower target price of 38 cents (52 cents previously), based on 5.5x FY11 P/E. MAINTAIN BUY."
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