StraitsTrading: Intends to seek secondary listing in Msia, on Main Market of Bursa Malaysia Securities Berhad. Co has appointed CIMB and UBS on an advisory capacity. Further announcements will be made with relation to the dual listing. Rationale is to enhance profile and provide additional channel to raise funds…
Most recent 4Q results were positive, a $51.6m net profit up from a loss in 3Q10 but co’s results have not been very consistent. FY2010 earnings were down 82.3% at $28.2m. Firm trades at current P/E of 46.5x with hist avg of 20.4x.
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