Revise Hai-o Target Price to RM6.00

Based on the I capital's latest recommendation, they have up Haio Price to RM5.50. Meanwhile RHB has RM5.80 on Hai-o.......

I understand that the company will continue to chalk up marvellous growth........

Based on the P/E 8.00 and EPS of 75sen for FY 2009 , I have upped the target price to RM6.00. The target might be achieved by end of this month or latest by 20th of Sept 2009.

Do not forget about the High Dividend offered by the company i.e. approximately 8% compare to FD now of 2%.....

Definitely a buy.....

Accuracy of Tips: 95%