Stock Name: KingsmenC
Company Name: KINGSMEN CREATIVES LTD
DMG & Partners Research in a Mar 6 research report says: "Kingsmen's 4Q12 PATMI grew 6.7% y-o-y to $6.0 million, on the back of a 48.4% y-o-y surge in revenue to $81.1 million. The results were in line with our estimates. Revenue growth was largely driven by its Interiors business.
"Its order book stands at $106 million, vs $84 million a year ago. This reflects the confidence its customers have in its capabilities in spite of the ongoing global economic uncertainty. We remain positive on Kingsmen's prospects, supported by the trend of (1) more retailers turning towards Asia for growth and (2) more theme parks sprouting up in Asia.
"Kingsmen declared a final dividend of 2.5 cents per share. Including the interim dividend of 1.5 cents per share, total dividend for FY2011 was 4.0 cents, translating into an attractive yield of 6.5%. Target price of 76 cents (pegged to 8.5x FY12F P/E). MAINTAIN BUY."
Company Name: KINGSMEN CREATIVES LTD
| Research House: DMG | Price Call: BUY | Target Price: 0.76 |
DMG & Partners Research in a Mar 6 research report says: "Kingsmen's 4Q12 PATMI grew 6.7% y-o-y to $6.0 million, on the back of a 48.4% y-o-y surge in revenue to $81.1 million. The results were in line with our estimates. Revenue growth was largely driven by its Interiors business.
"Its order book stands at $106 million, vs $84 million a year ago. This reflects the confidence its customers have in its capabilities in spite of the ongoing global economic uncertainty. We remain positive on Kingsmen's prospects, supported by the trend of (1) more retailers turning towards Asia for growth and (2) more theme parks sprouting up in Asia.
"Kingsmen declared a final dividend of 2.5 cents per share. Including the interim dividend of 1.5 cents per share, total dividend for FY2011 was 4.0 cents, translating into an attractive yield of 6.5%. Target price of 76 cents (pegged to 8.5x FY12F P/E). MAINTAIN BUY."
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