Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Stock Name: LIONIND
Company Name: LION INDUSTRIES CORPORATION
KUALA LUMPUR (Dec 7): ECM Libra Investment Research expects the FBMKLCI to trade in a range of 1,520 and 1,300 points in 1H2012 before moving up towards 1,600 in 2H2012.
It said on Wednesday that Malaysia had outperformed in 2011 and was not cheap relative to other markets.
The research house said that with the outlook for domestic interest rates flattish with downward bias, it made sense to hold high dividend yield stocks while waiting for better buying opportunities.
It also advised investors to avoid stocks with high exposure to Europe as it expects a sharp depreciation in the Euro.
'Stocks which have underperformed the FBM KLCI over the past year, and which are closer to their bottom due to negative news or developments, offer more potential upside if there is a turnaround in their situation.'
'We have identified two such stocks, Tenaga Nasional ( Strong Buy, TP: RM5.95-7.96) and Lion Industries (, Strong Buy, TP: RM2.16),' it said.
Company Name: TENAGA NASIONAL BHD
| Research House: ECMLIBRA | Price Call: BUY | Target Price: 7.96 |
Stock Name: LIONIND
Company Name: LION INDUSTRIES CORPORATION
| Research House: ECMLIBRA | Price Call: BUY | Target Price: 2.16 |
KUALA LUMPUR (Dec 7): ECM Libra Investment Research expects the FBMKLCI to trade in a range of 1,520 and 1,300 points in 1H2012 before moving up towards 1,600 in 2H2012.
It said on Wednesday that Malaysia had outperformed in 2011 and was not cheap relative to other markets.
The research house said that with the outlook for domestic interest rates flattish with downward bias, it made sense to hold high dividend yield stocks while waiting for better buying opportunities.
It also advised investors to avoid stocks with high exposure to Europe as it expects a sharp depreciation in the Euro.
'Stocks which have underperformed the FBM KLCI over the past year, and which are closer to their bottom due to negative news or developments, offer more potential upside if there is a turnaround in their situation.'
'We have identified two such stocks, Tenaga Nasional ( Strong Buy, TP: RM5.95-7.96) and Lion Industries (, Strong Buy, TP: RM2.16),' it said.
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