Stock Name: BJCORP
Company Name: BERJAYA CORPORATION BHD
Company Name: BERJAYA CORPORATION BHD
| Research House: CIMB | Price Call: HOLD | Target Price: 0.79 |
June 29, 2012
Solid Finish to the Year
Stock Name: NEXTNAT
Company Name: NEXTNATION COMMUNICATION BHD
Company Name: NEXTNATION COMMUNICATION BHD
| Research House: TA | Price Call: BUY | Target Price: 0.13 |
Felda Global rated 'underperform'
Stock Name: FGV
Company Name: FELDA GLOBAL VENTURES HLDG BHD
Macquarie Securities started coverage of palm oil company Felda Global Ventures Holdings with an "underperform" rating and a target price of RM3.85 based on the firm's unfavourable tree age and rising downstream competition.
Macquarie said in a note to clients that while local funds supported the stock's debut on Thursday, research showed there could be a 27 percent downside to the share price.
Felda surged 20 percent in its trading debut as investors cheered on he world's second largest IPO this year with share prices going as high as RM5.46.
Macquarie said Felda Global's current fresh fruit bunch (FBB) yield is 15 percent lower than listed competitors with more than half of its estates at over 20 years old.
Increased competition from Indonesia and a reversal of abnormally high margins in 2011 may also weigh on profitability.
Shares in Felda Global fell 0.4 percent to RM5.28 on Friday, underperforming the broader market that inched higher. -- Reuters
Company Name: FELDA GLOBAL VENTURES HLDG BHD
| Research House: MACQUARIE GROUP | Price Call: SELL | Target Price: 3.85 |
Macquarie Securities started coverage of palm oil company Felda Global Ventures Holdings with an "underperform" rating and a target price of RM3.85 based on the firm's unfavourable tree age and rising downstream competition.
Macquarie said in a note to clients that while local funds supported the stock's debut on Thursday, research showed there could be a 27 percent downside to the share price.
Felda surged 20 percent in its trading debut as investors cheered on he world's second largest IPO this year with share prices going as high as RM5.46.
Macquarie said Felda Global's current fresh fruit bunch (FBB) yield is 15 percent lower than listed competitors with more than half of its estates at over 20 years old.
Increased competition from Indonesia and a reversal of abnormally high margins in 2011 may also weigh on profitability.
Shares in Felda Global fell 0.4 percent to RM5.28 on Friday, underperforming the broader market that inched higher. -- Reuters
June 28, 2012
NPE Highway Extension - Bump in the road?
Stock Name: IJM
Company Name: IJM CORPORATION BHD
Company Name: IJM CORPORATION BHD
| Research House: TA | Price Call: SELL | Target Price: 5.42 |
Kenanga cuts Utd Malacca's target price
Stock Name: UMCCA
Company Name: UNITED MALACCA BHD
Kenanga Research cut its target price for palm oil firm United Malacca Bhd to RM7.70 from RM8.00 after the firm announced weaker Q4 earnings.
Year-on-year net profits for Q4 dropped 46 percent to RM12.3 million due to higher fertilizer costs and lower fresh fruit bunches production, Kenanga said in a note.
Keeping its "outperform" call, Kenanga cut its earnings forecast for FY2013 by 5 percent to RM111 million, and FY2014 by 4 percent to RM114 million. -- Reuters
Company Name: UNITED MALACCA BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 7.70 |
Kenanga Research cut its target price for palm oil firm United Malacca Bhd to RM7.70 from RM8.00 after the firm announced weaker Q4 earnings.
Year-on-year net profits for Q4 dropped 46 percent to RM12.3 million due to higher fertilizer costs and lower fresh fruit bunches production, Kenanga said in a note.
Keeping its "outperform" call, Kenanga cut its earnings forecast for FY2013 by 5 percent to RM111 million, and FY2014 by 4 percent to RM114 million. -- Reuters
June 27, 2012
Property Boost
Stock Name: SCIENTX
Company Name: SCIENTEX INCORPORATED BHD
Company Name: SCIENTEX INCORPORATED BHD
| Research House: TA | Price Call: BUY | Target Price: 2.90 |
Rimbunan Kaseh Programme Takes off
Stock Name: IRIS
Company Name: IRIS CORPORATION BHD
Company Name: IRIS CORPORATION BHD
| Research House: TA | Price Call: BUY | Target Price: 0.31 |
Down but Not Out
Stock Name: UMCCA
Company Name: UNITED MALACCA BHD
Company Name: UNITED MALACCA BHD
| Research House: TA | Price Call: HOLD | Target Price: 8.27 |
June 26, 2012
Moving Upstream
Stock Name: TOPGLOV
Company Name: TOP GLOVE CORPORATION BHD
Company Name: TOP GLOVE CORPORATION BHD
| Research House: TA | Price Call: BUY | Target Price: 5.60 |
RHB ups Masterskill to 'market perform'
Stock Name: MEGB
Company Name: MASTERSKILL EDUCATION GROUP
RHB Research upgraded Masterskill Education Group Bhd to "market perform" from "underperform" as it believes there is limited downside going forward given that the share price is close to its all-time low of 0.87 per share.
"We believe that much of the bad news is already in the price," the research house said in a note on Tuesday.
RHB said it estimated a smaller net loss of RM0.7 million for 2012 and net profit of RM4.7 million and RM10.4 million for 2013 and 2014 respectively after reviewing their student growth assumptions upwards.
It also raised Masterskill's fair value to RM0.88 a share from RM0.85.
By 1006 am (0206 GMT), shares of Masterskill remained unchanged at RM0.88 a share, outperforming the Malaysia's benchmark stock index's 0.17 percent rise. -- Reuters
Company Name: MASTERSKILL EDUCATION GROUP
| Research House: RHB | Price Call: HOLD | Target Price: 0.88 |
RHB Research upgraded Masterskill Education Group Bhd to "market perform" from "underperform" as it believes there is limited downside going forward given that the share price is close to its all-time low of 0.87 per share.
"We believe that much of the bad news is already in the price," the research house said in a note on Tuesday.
RHB said it estimated a smaller net loss of RM0.7 million for 2012 and net profit of RM4.7 million and RM10.4 million for 2013 and 2014 respectively after reviewing their student growth assumptions upwards.
It also raised Masterskill's fair value to RM0.88 a share from RM0.85.
By 1006 am (0206 GMT), shares of Masterskill remained unchanged at RM0.88 a share, outperforming the Malaysia's benchmark stock index's 0.17 percent rise. -- Reuters
June 25, 2012
Delivering Growth
Stock Name: BSTEAD
Company Name: BOUSTEAD HOLDINGS BHD
Company Name: BOUSTEAD HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 6.05 |
RHB Res ups Paramount to 'outperform'
Stock Name: PARAMON
Company Name: PARAMOUNT CORPORATION BHD
RHB Research upgraded Paramount Corp Bhd to outperform with a higher fair value of RM2.08 per share as it sees better performance of both the company's property development and education divisions going forward.
"Paramount is ready for a re-rating," the research house said in a note on Monday.
"The expected weak results this year have largely been priced in. Earnings are set to recover."
RHB raised its 2013-2014 earnings forecasts on Paramount slightly by 2-3 percent on the better outlook.
By 0933 am (0133 GMT), Paramount's share were down 2.26 per cent to RM1.73 per share, underperforming the Malaysia's benchmark stock index's 0.5 per cent rise. - Reuters
Company Name: PARAMOUNT CORPORATION BHD
| Research House: RHB | Price Call: BUY | Target Price: 2.08 |
RHB Research upgraded Paramount Corp Bhd to outperform with a higher fair value of RM2.08 per share as it sees better performance of both the company's property development and education divisions going forward.
"Paramount is ready for a re-rating," the research house said in a note on Monday.
"The expected weak results this year have largely been priced in. Earnings are set to recover."
RHB raised its 2013-2014 earnings forecasts on Paramount slightly by 2-3 percent on the better outlook.
By 0933 am (0133 GMT), Paramount's share were down 2.26 per cent to RM1.73 per share, underperforming the Malaysia's benchmark stock index's 0.5 per cent rise. - Reuters
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