New stock listing
No. Stock Code Stock Name Reference Price Lower Limit Upper Limit
1. 5195 CENSOF 0.93 0.63 4.65
Century Software issued 23 million new shares of 10 sen each at an offer price of 93 sen each. Kenanga Research has a target price of RM1.43. Kenanga Investment Bank Research said following a recent meeting with Century Software, it is convinced that the group is set for greater growth. “We have upgraded our FY10, FY11 and FY12 earnings estimates to RM10.9 million, RM19.1 million and RM25.3 million, respectively. We value Century Software at 12.9 times PER to its FY11 EPS of 11.1 sen, hence we pegged our 12-month target price at RM1.43,” it said.
DiGi.com posted earnings of RM332.02 million in the fourth quarter ended Dec 31, 2010 compared with RM246.5 million a year ago. The earnings growth was underpinned by increased usage from an enlarged subscription base, inclusion of handset bundles plus rising revenue contributions from data services.
DiGi.com posted earnings of RM332.02 million in the fourth quarter ended Dec 31, 2010 compared with RM246.5 million a year ago. The earnings growth was underpinned by increased usage from an enlarged subscription base, inclusion of handset bundles plus rising revenue contributions from data services.
