Stock Name: MTQ
Company Name: MTQ CORPORATION LIMITED
Company Name: MTQ CORPORATION LIMITED
| Research House: CIMB | Price Call: HOLD | Target Price: 0.77 |
SINGAPORE (May 13): CIMB has cut its price target for MTQ Corp from 95 cents to 77 cents, pegged at parity to the company's net tangible assets per share, and lowered its earnings per share estimates by 36% for FY2016 and 48% for FY2017.
The company's core earnings of $9 million for the 12 months ended March 31 (FY2015) were below expectations, and a turnaround is unlikely until the end of this year, according to CIMB analyst Yeo Zhi Bin.
No comments:
Post a Comment