(Figures in Malaysian Ringgits)
Recent Stock Performance:
1 Week -2.9%
13 Weeks 32.8%
4 Weeks 39.8%
52 Weeks 734.4%
Latexx's price has moved up steadily. The stock was the second highest gainer on Bursa Malaysia between Jan 1 and Oct 30, up 456% from 48 sen.
CIMB forecasts Latexx's net profit to sustain a surge to RM 82 million or earnings per share (EPS) of 42.1 sen next year, up 58% from a forecast net profit %M 51.9 million (EPS of 26.7 sen) this year.
The investment bank has projected a traget price of RM 3.97 before the end of next year. The stock closed at RM 2.44 last Thursday.
The Edge Malaysia November 9th, 2009
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