Epicentre: Issues positive profit guidance, expects sharp increase in net profit for 1HFY11 Dec compared to same period last yr due to increased rev and economies of scale. Stock moved 12.1% yday before announcement was issued…
DMG initiated with Buy at TP$0.51 in Jan due to expansion of stores and new Apple product launches. House values Epicentre using 8x prospective 2011P/E, a disc to the industry avg of 10.6x. Co trades at 10.22x P/E. Another Apple play but in different geo region is ECS which trades at 6.35x trailing P/E.
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