Analyst Research Report Snapshot


Results Note – Ann Joo (SELL, maintain) - Soft external outlook persists




Affin Hwang Investment Bank Bhd


29 May 2013





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Within our and street estimates Ann Joo reported a core net profit of RM9.7m in 1Q13, which was a reversal from the core net loss of RM1.0m registered in 1Q12. This came in within our and street expectations, accounting for 24% of our full year FY13 forecast of RM40m and 20% of street estimate. No dividend was declared for the quarter (1Q12:nil).

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