Amway Malaysia poised for re-rating on higher earnings
Amway poised for re-rating on higher earnings
AMWAY (M) Holdings Bhd, a major beneficiary from the stronger ringgit, is poised for a re-rating on improved earnings outlook, backed by an above-average dividend payout.
“We estimate that a 4% appreciation of the ringgit to 3.65 (against the US dollar) could potentially boost Amway’s FY06 net earnings by 16%,” Mayban Securities told clients in its research update yesterday.
AMWAY (M) Holdings Bhd, a major beneficiary from the stronger ringgit, is poised for a re-rating on improved earnings outlook, backed by an above-average dividend payout.
“We estimate that a 4% appreciation of the ringgit to 3.65 (against the US dollar) could potentially boost Amway’s FY06 net earnings by 16%,” Mayban Securities told clients in its research update yesterday.
posted by Kevin Francis @ 9:42 PM
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