Stock Name: Tee Intl
Company Name: TEE INTERNATIONAL LIMITED
SIAS Research in an Oct 12 research report says: "TEE's recent property launches were well received and this provided us with reasons to believe that this division is likely to perform well in FY2012. Our preliminary estimate is profit after tax of about $9 million.
"We expect revenue recognition to come in firmly in the subsequent quarters (especially in 3Q FY12) as most of the milestones for the M&E and real estate divisions will be met. We are setting our FY2012F revenue and profit after tax at $253 million and $20 million respectively.
"TEE's final year dividend of 1.75 cents (final and special) will go XD over the next one month and we expect the company to distribute at least 1.75 cents dividend annually from FY2012 onwards. The latter represents an annual yield of 7.0%. Intrinsic value of 45 cents. MAINTAIN INCREASE EXPOSURE."
Company Name: TEE INTERNATIONAL LIMITED
| Research House: SIAS | Price Call: BUY | Target Price: 0.45 |
SIAS Research in an Oct 12 research report says: "TEE's recent property launches were well received and this provided us with reasons to believe that this division is likely to perform well in FY2012. Our preliminary estimate is profit after tax of about $9 million.
"We expect revenue recognition to come in firmly in the subsequent quarters (especially in 3Q FY12) as most of the milestones for the M&E and real estate divisions will be met. We are setting our FY2012F revenue and profit after tax at $253 million and $20 million respectively.
"TEE's final year dividend of 1.75 cents (final and special) will go XD over the next one month and we expect the company to distribute at least 1.75 cents dividend annually from FY2012 onwards. The latter represents an annual yield of 7.0%. Intrinsic value of 45 cents. MAINTAIN INCREASE EXPOSURE."
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