Boustead Heavy Ind lags on analyst revisions
KUALA LUMPUR, Aug 13 — Boustead Heavy Industries Corp lags on analyst revisions among 25 firms in Malaysia’s industrials sector, data from Thomson Reuters StarMine shows.
The data includes firms tracked by at least three analysts.
The company has an Analyst Revision Model score of 1, the lowest in the sector. It also has a low Value-Momentum score of 12.
The engineering firm’s net margin for FY 2011 fell short of the industry average by 4.6 per cent and its forward 12-month P/BV ratio lagged its peer average by 36 per cent.
All three analysts tracking the stock rate it a “hold”.
Two of the three have revised their EPS estimates for 2012 and 2013 down by 85 per cent and 24 per cent respectively, as of August 8.
Boustead has a low SmartHoldings (SH) score of 6, suggesting a potential decline in institutional ownership.
The stock is down nearly 28 per cent year-to-date, while the broader index is up 7.5 per cent for the same period, based on Friday’s close.
Boustead Heavy Industries posted a net loss of RM17.2 million for the quarter ended June.
StarMine’s Analyst Revision Model ranks stocks based on analysts’ revision of earnings and revenue estimates and changes in their ratings, and usually gives additional weight to analysts who have been more accurate in the past.
StarMine’s Val-Mo model provides a 1-100 percentile ranking of stocks, and rates companies based on a combination of two value and momentum metrics.
The StarMine SmartHoldings model is a global stock selection model that ranks stocks based on the expected future increase or decrease in institutional ownership. — Reuters