Monday, February 27, 2012

CNA Group upgraded to 'neutral' by DMG

Stock Name: CNA
Company Name: CNA GROUP LTD.
Research House: DMGPrice Call: HOLDTarget Price: 0.16



DMG & Partners Research in a Feb 27 research report says: "CNA's 4Q11 net profit was above expectations, coming in at $1.6 million, versus a loss of $25.2 million a year ago. This was mainly attributable to a 52.4% y-o-y surge in revenue, with growth from its Singapore, China and Vietnam operations, as well as the absence of a $21.6 million loss on disposal of an associate.

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