Analyst Research Report Snapshot

Title:

Results Note – Kinsteel (Cease Coverage) - Bleeding deeply

Price:

$23.00

Provider:

Affin Investment Bank

Date:

27 Nov 2013

Pages:

3

Type:

AcrobatPDF

Companies referenced:

KSTE.KL

Available for Immediate Download
Summary:

In the red, below expectation In 3Q13, Kinsteel reported a significant net loss of RM111.7m compared to the RM16.4m loss registered in 3Q12. This takes the group’s 9M13 core net loss to RM155.5m (9M12: 10.4m). This is below our and consensus estimates of a full year FY13 net loss forecast of RM75m and RM37m respectively.

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