Stock Name: HARTA
Company Name: HARTALEGA HOLDINGS BHD
Stock Name: AIRASIA
Company Name: AIRASIA BHD
Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Company Name: HARTALEGA HOLDINGS BHD
| Research House: OSK | Price Call: BUY | Target Price: 9.39 |
Stock Name: AIRASIA
Company Name: AIRASIA BHD
| Research House: OSK | Price Call: BUY | Target Price: 4.57 |
Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: OSK | Price Call: BUY | Target Price: 8.05 |
HARTA (FV RM9.39 'BUY) 9MFY12 Results Review: In Good Form, as Usual Hartalega's 9MFY12results were within expectations. Overall, there was a slight improvement inrevenue and net profit, bolstered by a higher sales volume and better selling prices of gloves, besides moreefficient production and better cost control.
Separately, the group announced a 1-for-1 bonus issue and1-for-5 free warrants to enhance liquidity in its stock and attract newinvestors. Maintain Buy, with a higher fair value of RM9.39 as we roll forwardour valuation to FY13 as well as peg a higher PE of 15x in tandem with theimproving liquidity in its stock.
AIRASIA (FV RM4.57 'BUY) FY11 Results Review: Flying High Despite Headwinds
CIMB (FV RM8.05 'BUY) Company Update: NIM Stabilizes at Niaga
FREIGHT (FV RM1.07 'BUY) 1HFY12 Results Review: All is Intact
IJM (FV RM6.55 ' TRADING BUY) 9MFY12 Results Review:Slight Blip in Construction Margins
IJMPLNT (FV RM3.80 'BUY) 9MFY12 Results Review: Fair Value Upgraded
KENCANA (FV RM3.60 ' BUY) Corporate News Flash: Another Job From MurphySarawak
MISC (FV RM7.45 'BUY) FY11 Results Review: A Dreadful Year Passes
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