KUALA LUMPUR (June 26): Multi-level marketing (MLM) company Hai-O Enterprise Bhd's net profit fell 12% year-on-year in the fourth quarter ended April 30, 2018 (4QFY18) to RM16.27 million from RM18.46 million, on the back of lower revenue.
KUALA LUMPUR: Kenanga Research maintained outperform on Hai-O Enterprise with an unchanged target price of RM6 as 9M18 net profit of RM58.6mil came in within both its and consensus expectations at 70% of full-year forecasts.
Hai-O Enterprise Bhd's pre-tax profit for the second quarter (Q2) ended Oct 31, 2017 rose to RM27.85mil from RM20.32mil in the same quarter a year ago.
