MARKET UPDATES :
Number forecast operator Magnum Bhd’s earnings fell 29.8% to RM45.42mil in the third quarter ended Sept 30, 2014 from RM64.77mil a year ago due to losses incurred by its investment holdings segment, mainly attributed to fair value losses of quoted investments. It said on Thursday its pre-tax profit fell 3.2% to RM74.72mil from RM77.12mil. Revenue fell 4.6% to RM669.98mil from RM702.39mil. Earnings per share were 3.2 sen compared with 4.6 sen. It rewarded shareholders with a dividend of 5 sen per share.
STOCK RECOMMENDATION :
BUY KLCC PROP ABOVE 6.890 TARGET 6.940 7.000 SL 6.810
Number forecast operator Magnum Bhd’s earnings fell 29.8% to RM45.42mil in the third quarter ended Sept 30, 2014 from RM64.77mil a year ago due to losses incurred by its investment holdings segment, mainly attributed to fair value losses of quoted investments. It said on Thursday its pre-tax profit fell 3.2% to RM74.72mil from RM77.12mil. Revenue fell 4.6% to RM669.98mil from RM702.39mil. Earnings per share were 3.2 sen compared with 4.6 sen. It rewarded shareholders with a dividend of 5 sen per share.
STOCK RECOMMENDATION :
BUY KLCC PROP ABOVE 6.890 TARGET 6.940 7.000 SL 6.810
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