Stock Name: Tee Intl
Company Name: TEE INTERNATIONAL LIMITED
SIAS Research in an Apr 17 research report says: "TEE reported $104 million revenue for the 9M FY12. 3Q sales were slower due to the completion of larger projects and lower contribution from property development. As of 3Q FY12, order book remained healthy and property sales in recent months were encouraging. "Though two of the key directors were the subjects of CAD investigation, we are of the view that there is presently no change in TEE’s day-to-day operation. We will continue to monitor the contingent risk from the CAD investigation and review our investment thesis if new developments arise. "We lower our revenue forecast to $170 million for FY2012 due to lower revenue recognition in 3Q FY12. 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 an Apr 17 research report says: "TEE reported $104 million revenue for the 9M FY12. 3Q sales were slower due to the completion of larger projects and lower contribution from property development. As of 3Q FY12, order book remained healthy and property sales in recent months were encouraging. "Though two of the key directors were the subjects of CAD investigation, we are of the view that there is presently no change in TEE’s day-to-day operation. We will continue to monitor the contingent risk from the CAD investigation and review our investment thesis if new developments arise. "We lower our revenue forecast to $170 million for FY2012 due to lower revenue recognition in 3Q FY12. Intrinsic value of 45 cents. MAINTAIN INCREASE EXPOSURE."
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