In an unrated report on Tuesday, analyst Liu Jinshu highlights LY Corp’s strong execution ability, which saw sales volume grow 48% over 2010-2016 while the group remained focused on its core activities and markets.
SINGAPORE (Jan 30): NRA Capital likes LY Corporation, the original design manufacturer of wooden bedroom furniture, for what it sees as a positive mix of growth and dividend plans to come.
While potential appreciation of the Malaysian Ringgit presents a key risk to the group’s profitability, NRA believes this will be mitigated by the promise of a higher 40% payout of PATMI for FY18-20, up 25% from 25% for FY17.
