Super: CIMB says to enter for long term
- Strategy of branding, innovation and diversification already paying dividends.
- New products and markets will drive the branded consumer segment, which is recovering nicely and has now turned positive on a constant currency basis.
- Excess cash on the balance sheet could translate to a special dividend.
- EPS hikes come from lower tax rates; consensus has yet to account for this.
- Recent share price weakness offers good entry point. Upgrade from Reduce to Add. TP increased to $0.93 from $0.89
No comments:
Post a Comment