Analyst Research Report Snapshot

Title:

Company Update – Bonia (BUY, maintain) - Short-term pain for the long-term gain

Price:

$58.00

Provider:

Affin Investment Bank

Date:

18 Mar 2013

Pages:

6

Type:

AcrobatPDF

Companies referenced:

BONI.KL

Available for Immediate Download
Summary:

1HFY06/13 earnings set back was due to aggressive expansion plans We caught up with Bonia’s management recently and discussed the company’s 1HFY06/13 earnings, which dipped by -30.7% yoy and prospects going forward. We gathered that the group undertook an aggressive expansion plan in 2QFY06/13, and had opened five boutiques in Vietnam and one boutique in Indonesia. As a result, Bonia’s 1HFY06/13 operating cost surged by +13.6% yoy, thereby dragging PBT down by -26% to RM38.9m.

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