Falcon Energy Group rated 'increase exposure' by SIAS

Date: 
2012-03-08
Firm: 
SIAS
Stock: 
Price Target: 
0.515
Price Call: 
BUY
Last Price: 
0.027
Upside/Downside: 
+0.488 (1807.41%)
SIAS Research in a Mar 6 research report says: "Falcon Energy Group’s (Falcon) FY2011 performance was dragged by several one-off factors such as US$7.1 million allowance for doubtful debts and expenses for the new resource division (about US$1-1.5 million).

"The FY2011 revenue and adjusted PATMI of US$79.9 million and US$10.4 million are largely within our projections. We project Falcon’s FY2012 performance to be substantially better than FY2011 on the back of maiden contribution from the resource division and at least break-even performance from the marine division.

"We are now projecting FY2012 revenue and profit after tax (PAT) of US$87.9 million and US$19.5 million. Intrinsic value of 51.5 cents. MAINTAIN INCREASE EXPOSURE."
Discussions
Be the first to like this. Showing 2 of 2 comments

disf76

share price to hit 16 cents by May 2012.

2012-04-09 16:44

hongche

Buy DBS for Short term basis.. technically stock is strong.

Buy for the target of 14.10 & 14.40 in short term basis..

Regards - http://www.capitalvia.com.sg/index.php

2012-04-10 13:43

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