Fri, 26 Apr 2024
11:11:04
BUY LIOC:
02 Sep 2013
02:06:52
NDB Stockbrokers says to BUY LIOC
Sep 02, 2013 (SLBO) - NDB Stockbrokers (NDBS) had recently recommended 'BUY' signal for Lanka IOC PLC (LIOC). NDBS notes that with stable margins in the auto fuel segment the company profits will grow in the medium term.
Stable profitability should result in steady dividends, reflecting on the share price. Therefore, NDBS believe with a forward PER of 5X (Times) the counter looks attractive.
Stable profitability should result in steady dividends, reflecting on the share price. Therefore, NDBS believe with a forward PER of 5X (Times) the counter looks attractive.
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