Singapore Stock Market News
China Minzhong - Earnings Preview
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Publish date: Mon, 26 Aug 2013, 11:20 AM
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Expect a seasonally weak quarter, but nothing to worry. China Minzhong will publish its 4QFY6/13 results this Thursday before market. We are looking at revenue of RMB685m, down 15% YoY and 29% QoQ while expecting net profit to be RMB164m, down 4% YoY and 36% QoQ. QoQ earnings dip is nothing to worry as 2Q and 3Q are usually the peak quarters and Minzhong has locked in about 78% of our full year forecasts in the first three quarters.
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