Stock Name: MacqIntInfra
Company Name: MACQUARIE INT'L INFRA FUND LTD
SIAS Research in an Aug 3 research report says: "We visited three of Macquarie International Infrastructure Fund Ltd's (MIIF) assets in late July and were left impressed by all three of them, particularly the Changshu Xinghua Port (CXP) and Taiwan Broadband Communications (TBC).
"The former was due to the management's strategy of initiating contacts with customers while the latter was a result of TBC's out of the box digital features. As such, we are raising our CXP and TBC FY2012 revenue growth forecast from 9% to 12% and 5% to 8% respectively.
"Consequently, our FY2012 net profit after tax forecast of MIIF increased by 2%. We believe EBITDA will grow 12% to $33.9 million over the next three years. Intrinsic value of 68 cents. MAINTAIN INVEST."
Company Name: MACQUARIE INT'L INFRA FUND LTD
| Research House: SIAS | Price Call: BUY | Target Price: 0.68 |
SIAS Research in an Aug 3 research report says: "We visited three of Macquarie International Infrastructure Fund Ltd's (MIIF) assets in late July and were left impressed by all three of them, particularly the Changshu Xinghua Port (CXP) and Taiwan Broadband Communications (TBC).
"The former was due to the management's strategy of initiating contacts with customers while the latter was a result of TBC's out of the box digital features. As such, we are raising our CXP and TBC FY2012 revenue growth forecast from 9% to 12% and 5% to 8% respectively.
"Consequently, our FY2012 net profit after tax forecast of MIIF increased by 2%. We believe EBITDA will grow 12% to $33.9 million over the next three years. Intrinsic value of 68 cents. MAINTAIN INVEST."
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