Wednesday, February 9, 2011

OSK Research maintains Buy on HELP International

KUALA LUMPUR: OSK Research said following its recent meeting with the management od Help International Bhd, it gathers that HELP's on-going local and overseas expansion plans are well in progress.

The research house said on Wednesday, Feb 9 that this year, HELP expects to announce several ventures locally and abroad, largely via joint ventures and potential acquisitions.

'We maintain our BUY recommendation with an unchanged TP of RM2.59, based on 14x PER on FY11 EPS plus the current net cash per share of RM0.32 as at end-FY10. We believe that the company offers a sustainable growth story in a defensive sector that is backed by a strong management team,' it said.

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