Tuesday, December 21, 2010

TWSPLNT : Any Corporate Restructuring?

1. Estimated EPS of RM0.32 ( PE 10x ).
2. Potential bonus issue candidate.
3. Maybe sales of asset to realise cash to pay down debt to clean up the balance sheet.

Target price : RM4.16 based on PE 13x and improved balance sheet position.
Dividend payment : 2010 = RM0.10 per shares, 2009 = RM0.06 per shares.

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