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Article: Cheetah profit growth to slow

Article from:
New Straits Times
Article date:
January 23, 2009
Copyright

New Straits Times
01-23-2009
Cheetah profit growth to slow
Edition: Main/Lifestyle
Section: Business Times
Type: Company

OSK Research expects Cheetah Holdings Bhd, an apparel maker, to post slower profit growth this year and 2010 as it prefers to be more cautious.

It also advised investors to take profit as the stock price has reached its target of 52 sen. Its new target price is 42 sen.
Shares of Cheetah, which sells apparel under its own brand and has rights to distribute the Ladybird label, closed 7.7 per cent down at 48 sen yesterday.

OSK now expects the company's net profit to rise 7.3 per cent to RM10.2 million in the year to June 30 2009. This will grow another 11.8 per cent to ...

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