Stock Name: VizBranz
Company Name: VIZ BRANZ LIMITED
OCBC Investment Research in a Jan 18 research report says: "Following the settlement agreement between Viz Branz's (VB) former and current CEO (father-son relationship), attention has been on the impending transfer of a 15% stake from the latter to the former, which will trigger a mandatory general offer if an exemption is not obtained from the Securities Industry Council.
"This focus has been a catalyst for its share price of late despite the lack of further updates from the company since mid-Dec.
"Incorporating the above into our assumptions, we raised our FY2012 revenue growth projections by 3% from $169 million to $174 million, which improved our bottom line by $1.2 million to $12.2 million. Fair value estimate of 33 cents (32 cents previously). MAINTAIN HOLD."
Company Name: VIZ BRANZ LIMITED
| Research House: OCBC | Price Call: HOLD | Target Price: 0.33 |
OCBC Investment Research in a Jan 18 research report says: "Following the settlement agreement between Viz Branz's (VB) former and current CEO (father-son relationship), attention has been on the impending transfer of a 15% stake from the latter to the former, which will trigger a mandatory general offer if an exemption is not obtained from the Securities Industry Council.
"This focus has been a catalyst for its share price of late despite the lack of further updates from the company since mid-Dec.
"Incorporating the above into our assumptions, we raised our FY2012 revenue growth projections by 3% from $169 million to $174 million, which improved our bottom line by $1.2 million to $12.2 million. Fair value estimate of 33 cents (32 cents previously). MAINTAIN HOLD."
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