GMD [O-PF +12.7%] - AGM note
  • 26 May 2016
  • Company Research
We change our recommendation from BUY to O-PF due to 8% price gains achieved in May on the back of 2:1 stock dividend news. The AGM approved the new guidance for 2016: Revenue is targeted to grow modestly by 2%; PBT is projected to drop by 14.8%. The CEO