Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
1 year profit is around Rm 150 mil, So 42 mil fine is not much. Also cash is around 300 mil +, . GenPlantatn fined 92 mil, Share Price not affected much.
42m to be paid in 4 installments. Assuming based on 1 st half results 10.5m fine to be written off against /73.799m of net profit, close to 15% of the first 6 months profit gets wiped out.......
research house is expecting a tp of 1.34 that was predicted before the news RM42m fine was reported. hence I think research houses can start to revise their TP, in my personal view currently CPO prices are still quite high , it should help to cushion a bit of the RM42m fine. current share price is RM1.37 less 15% add 7.5% , the new "predicted" tp should range RM1.16 to RM1.26