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 the MLM News Desk at
9:43 PM
