CIMB Research cuts earnings forecast for Oriental Holdings


KUALA LUMPUR: CIMB Equities Research said Oriental Holdings’ results disappointed yet again in 2Q13 with 1H13 core earnings per share (EPS) coming in at 28% of its full-year forecast.

“We previously downgraded the stock after its 1Q13 results, which showed clear earnings risk in the automotive business. This issue is evident again in 2Q13.

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