Stock Name: HISAKA
Company Name: HISAKA HOLDINGS LTD.
SIAS Research in a Nov 29 research report says: "Hisaka reported a 30.5% decline in net attributable profit to $6.4 million for FY2011 ended Sep 2011. This works out to cash of $0.151 per share that can redistributed to shareholders or invested in new business opportunities.
"The company has declared a 0.5 cent final dividend per share for FY2011. Our Q&A with the management led us to conclude a weak outlook for Hisaka's core semiconductor equipment and components business; with a very modest recovery expected only after CNY in late Jan 2012.
"In the interim, Hisaka plans to maintain its extremely robust balance sheet while continuing to develop new income streams from new medical products and new markets, e.g. India. Our updated model yields an intrinsic value of 47.5 cents. FAILY VALUED."
Company Name: HISAKA HOLDINGS LTD.
| Research House: SIAS | Price Call: SELL | Target Price: 0.475 |
SIAS Research in a Nov 29 research report says: "Hisaka reported a 30.5% decline in net attributable profit to $6.4 million for FY2011 ended Sep 2011. This works out to cash of $0.151 per share that can redistributed to shareholders or invested in new business opportunities.
"The company has declared a 0.5 cent final dividend per share for FY2011. Our Q&A with the management led us to conclude a weak outlook for Hisaka's core semiconductor equipment and components business; with a very modest recovery expected only after CNY in late Jan 2012.
"In the interim, Hisaka plans to maintain its extremely robust balance sheet while continuing to develop new income streams from new medical products and new markets, e.g. India. Our updated model yields an intrinsic value of 47.5 cents. FAILY VALUED."
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