Dutch Lady's margins to recover in 2H
- 6 years ago
Kenanga Research expects Dutch Lady's earnings margin to recover on the back of lower raw material prices for the second half of financial year 2014.
The research house forecasts a gross margin of 32.9% in fy14 versus 32.5% achieved in the first half of FY14, and maintains an underperform rating with a higher target price of RM44.22.
The research house forecasts a gross margin of 32.9% in fy14 versus 32.5% achieved in the first half of FY14, and maintains an underperform rating with a higher target price of RM44.22.