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发表于 5-3-2009 04:37 PM
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Zelan posted a third-quarter net loss of RM128 million, which pulled down its nine-month results to a loss of RM79 million.
The losses were attributed to projects from the Middle East, AmResearch said, voicing concern over whether more provisions or losses would be made for projects there in the coming quarters.
"Apart from losses in the Middle East, we expect Zelan's orderbook outlook to remain murky," it added.
It maintained a "hold" rating on Zelan, but said its 95 sen fair value was under review |
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