Stemlfe – Bonus issue, acqusition and our renew target of RM 0.600

Result announced is inline with our expectation but can be better. However, we do not like the acquisition based on the profit guarantee is too far from the profit records of the target company. We believe it may be more then just normal acquisition but washing down some major share holder shares and change controlling structure.

However, we still believe it will reach RM 0.600 before ex-date. Not due to any contingency but more on our experience. We stay at what we holding now.

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