Hai-O Enterprise Bhd (Symbol & Code: HAIO 7668) Update - 30th Sep 2009

Posted by Daniel Wong | 8:58 PM | | 1 comments »


Fair Value: RM 5.70

Current Price: RM 6.03

Recommendation: HOLD

The recent quarterly profit which was announced yesterday (29th September 2009) showed an improvement to the overall current EPS of RM 0.677 from previous RM 0.623. Thus, I raised the Fair Value to RM 5.70 from its previous RM 5.25. However, today's market overshot the current Fair Value, so I still give it a Hold rating. Buy below RM 5.70

Refer to previous write-up here for more info about this company.

1 comments

  1. NaDou // October 3, 2009 at 5:58 PM  

    Good Info Daniel, keep it up~

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