Stock Name: Tee Intl
Company Name: TEE INTERNATIONAL LIMITED
SIAS Research in a Jan 12 research report says: "TEE's posted an expected set of 2Q FY12 results with revenue coming in close to our projection of $40 million per quarter while earnings inched down 8.1% y-o-y to $3.6 million.
"1H FY12 revenue and profit after tax was 31.2% and 29.3% of our FY12F respectively - the integrated real estate segment has yet to contribute anything to the P&L YTD and we expect the bulk of the existing projects' milestones to be met by 4Q FY12F.
"TEE also declared interim dividend of 0.6 cents per share this quarter, 20% more than the same quarter last year. We project FY12F dividend to be around 2.5 cents, representing a dividend yield of about 10% given the current trading price of 24 cents. 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 a Jan 12 research report says: "TEE's posted an expected set of 2Q FY12 results with revenue coming in close to our projection of $40 million per quarter while earnings inched down 8.1% y-o-y to $3.6 million.
"1H FY12 revenue and profit after tax was 31.2% and 29.3% of our FY12F respectively - the integrated real estate segment has yet to contribute anything to the P&L YTD and we expect the bulk of the existing projects' milestones to be met by 4Q FY12F.
"TEE also declared interim dividend of 0.6 cents per share this quarter, 20% more than the same quarter last year. We project FY12F dividend to be around 2.5 cents, representing a dividend yield of about 10% given the current trading price of 24 cents. Intrinsic value of 45 cents. MAINTAIN INCREASE EXPOSURE."
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