Wednesday, February 02, 2011

Green Packet Downgraded From 1.40 To 0.80

On the Edge: HDBSVR downgrades Green Packet to Hold, cuts TP to 80c from RM1.40

  • HDBSVR downgrades Green Packet to Hold, cuts TP to 80c from RM1.40
    Written by theedgemalaysia.com
    Wednesday, 02 February 2011 09:25

    KUALA LUMPUR: Hwang DBS Vickers Research said the recovery for Green Packet has been delayed and it expects weak 4Q2010 results.

    The research house said on Wednesday, Feb 2 it had slashed the earnings before interest, tax and amortisation (EBITDA) for Green Packet by 56% to 78%.

    “Higher sales and marketing costs and declining average revenue per user could postpone EBITDA turnaround to later this year. Downgrade to Hold, TP cut to 80 sen (from RM1.40) based on sume of the parts,” said Hwang DBS Vickers Research.

Err..

This is yet another great mystery for me.

The target price is SLASHED from 1.40 to 0.80.

Ahem.... that's a target revision of close to 43%!!!

Revised down 'so little' and the recommendation is HOLD????


6 comments:

solomon said...

Siiting on the fence, in case the market bounced back, did I told u to hold??

Whatever it is, happy CNY to u and family.

Richard Cranium said...

Don't worry.

"We'll soon be EBITDA-positive by year-end."

Moolah said...

LOL! LOL!

tklaw said...

Dear moolah,

From the picks that he called in his private blog, to be very honest, I think sam is better than u in stock picks , avoid from debating with him about stock picks, attack him more on his evil spamming, that will make his fans back off from him.

Cheers & happy new year to you & yr family.

Moolah said...

And where and which is my stock pick?

Do I even blog on which stocks will go up or go down?

:=)

random said...

"We'll soon be EBITDA-positive by year-end."

LOLOLOLOLOL