Potential re-rating catalysts for the stock include higher-than-expected revenue from the new factory and strong export market sales.
PETALING JAYA: Kawan Food Bhd
’s net profit in the first half ended June 30 was below CIMB Research’s and Bloomberg’s consensus expectations at 32% of full-year forecasts, mainly due to weaker-than-expected export sales.
The research house yesterday cut the company’s FY17-18F earnings per share (EPS) to reflect a slower export sales outlook.
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