October 4, 2011

RHBInvest Research Highlights 04th October 2011

Stock Name: PETGAS
Company Name: PETRONAS GAS BHD
Research House: RHBPrice Call: BUYTarget Price: 14.50

Stock Name: DIALOG
Company Name: DIALOG GROUP BHD
Research House: RHBPrice Call: BUYTarget Price: 3.26

Stock Name: KENCANA
Company Name: KENCANA PETROLEUM BHD
Research House: RHBPrice Call: BUYTarget Price: 2.21



04th October 2011
 
Top Story: Oil & Gas ' Taking a step back in view of global headwinds        Neutral (down from OW)
Sector Update
Petronas Gas: Fair value at RM14.50                                                                  Outperform
Dialog: Fair value downgraded to RM3.26 from RM3.90                                   Outperform
Kencana: Fair value downgraded RM2.21 from RM2.99                                   Market Perform
SapuraCrest:  Fair value downgraded to RM3.36 from RM4.56                      Market Perform                                                                                                         
Petronas Chemicals: Fair value downgraded to RM5.62 from RM6.37         Market Perform
Dayang: Fair value downgraded to RM1.55                                                        Market Perform (down from OP)
Wah Seong: Fair value downgraded to RM1.87                                                 Market Perform (down from OP)
Perdana Petroleum: Fair value downgraded to RM0.60                                  Market Perform (down from OP)
KNM: Fair value downgraded to RM0.70 from RM0.93                                      Underperform
MMHE: Fair value downgraded to RM3.93 from RM5.62                                   Underperform
RH Petrogas: Fair value downgraded to S$0.75 from S$1.36                         Outperform                         
 
Sector Call
 
Semiconductor: Aug global chip sales falls 2.2% yoy               Underweight
Sector Update
Unisem: Fair value at RM0.73                                                       Underperform
MPI: Fair value at RM2.07                                                               Underperform
Notion Vtec: Fair value at RM1.30                                               Underperform
 
Corporate Highlights
 
Amway: Resilient fundamentals                                         Outperform
Visit Note
''       We recently had a meeting with management of Amway. Based on our discussions, we came out of the meeting fairly confident of the resilience of Amway's topline outlook, underpinned by a stable Core Distributor Force (CDF) recruitment drive and membership productivity.
 
SapuraCrest: Platform Supply Vessel contract win        Market Perform
News Update
''       Yesterday, the company announced that its 50%-owned Labuan Shipyard & Engineering (LSE) had been awarded a contract by Tanjung Offshore worth RM99.5m to engineer, construct, test and deliver a 77-metres platform supply vessel. The vessel is expected to be completed within 21 months, which will contribute to Sapuracrest's FY13 earnings.
 
SP Setia: A bigger development in Beranang                 Market Perform
News Update
''       SP Setia proposed to acquire 673.27 acres of freehold land in Semenyih for RM381.3m or RM13 psf.
 


No comments:

Post a Comment