Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD
Company Name: MALAYAN BANKING BHD
| Research House: MIDF | Price Call: BUY | Target Price: 10.00 |
October 25, 2012
OSK maintains 'buy' call on Wing Tai
OSK Research has maintained its 'buy' call on Wing Tai Malaysia Bhd with a target price of RM2.06.
Over the years, Wing Tai has successfully transformed itself from a garment manufacturer to an established property developer and an apparel retailing group.
"We like Wing Tai for its ability to tap into its parent company's extensive networks in Malaysia, Singapore, Hong Kong and China," OSK Research said in a research note today.
OSK Research said the company also has a reputation as a premier modern property developer in Kuala Lumpur and Penang, and tremendous growth potential in its apparel retailing, especially Uniqlo, one of Japan's top fashion wear brands. -- Bernama
Regionlisation, ROE on Track
Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: TA | Price Call: HOLD | Target Price: 8.60 |
Buying landlord’s building
Stock Name: LIONIND
Company Name: LION INDUSTRIES CORPORATION
Company Name: LION INDUSTRIES CORPORATION
| Research House: MIDF | Price Call: HOLD | Target Price: 1.18 |
Five more mediocre-sized jobs
Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD
Company Name: BUMI ARMADA BERHAD
| Research House: MIDF | Price Call: HOLD | Target Price: 3.64 |
The Return of the Monopoly in Pay TV
Stock Name: ASTRO
Company Name: ASTRO MALAYSIA HOLDINGS BERHAD
Company Name: ASTRO MALAYSIA HOLDINGS BERHAD
| Research House: TA | Price Call: SELL | Target Price: 3.53 |
October 24, 2012
UEM Land rises on Iskandar deal
Shares of Malaysian builder UEM Land Holdings Bhd gained nearly 8 per cent after the company announced a joint venture with Singapore government-linked firm Ascendas on a US$1.2 billion
project.
The stock rose 7.8 per cent to reach an intraday high of RM2.09 today, after announcing it will partner with Ascendas to develop a 519-acre site within the economic region of Iskandar.
Hong Leong Investment Bank Research said the share movement was highly news-driven and maintained its 'hold' rating on the stock.
The brokerage said the stock had the highest valuation in the sector, which could be vulnerable to an external slowdown. It retained its target price for UEM at RM2.04. - Reuters
HwangDBS keeps 'hold' call on MAHB
HwangDBS Vickers Research has increased Malaysia Airports Holdings Bhd's (MAHB) forecast for 2012-2014 financial years(FY) by 4.1 per cent to five per cent after imputing lower interest payments and higher contribution from associates.
"The group will no longer recognise losses for Sabiha Gokcen International Airport (SGIA) as the losses have surpassed the group's initial investment cost," it said in a research note today.
The airport operator has also recognised RM22 million earnings contribution from its Maldives airport year-to-date, the research house said.
HwangDBS Vickers has maintained a "hold" call on MAHB but increased the target price to RM6.20 from RM6.05 previously -- BERNAMA
Unlocking potential of Gerbang Nusajaya
Stock Name: UEMLAND
Company Name: UEM LAND HOLDINGS BHD
Company Name: UEM LAND HOLDINGS BHD
| Research House: MIDF | Price Call: BUY | Target Price: 2.46 |
Retail assets drive earnings growth
Stock Name: SUNREIT
Company Name: SUNWAY REAL ESTATE INVT TRUST
Company Name: SUNWAY REAL ESTATE INVT TRUST
| Research House: MIDF | Price Call: BUY | Target Price: 1.62 |
Kenanga cuts DiGi to 'underperform'
Kenanga Research downgraded Malaysia's third-largest mobile phone operator DiGi.Com Bhd to 'underperform' from 'market perform' after results for the first nine-months of the year came in below its expectations
DiGi's net profit for the nine-month period rose 11.7 per cent to RM960.2 million, accounting for 73 per cent of Kenanga's estimates, the brokerage said in a report today.
Kenanga had earlier lowered its target price on DiGi shares to RM4.95 from RM5.20, based on lower estimates for future earnings.
Shares of DiGi rose 0.91 per cent to an all-time high of RM5.53 as at 01124 GMT.
"We are of the view that most of the stock's near-term catalyst have already been priced in and we suggest investors to lock in their profits while waiting for the next catalyst to emerge," said Kenanga. - Bernama
Excitement in store with KLIA2
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: BUY | Target Price: 6.72 |
Close, but not enough for a fresh FPSO job
Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD
Company Name: BUMI ARMADA BERHAD
| Research House: MIDF | Price Call: HOLD | Target Price: 3.64 |
Bumi Armada - FPSO Extended
Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD
Company Name: BUMI ARMADA BERHAD
| Research House: BIMB | Price Call: HOLD | Target Price: 3.98 |
October 23, 2012
Margin expansion mode
Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Company Name: PANTECH GROUP HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 0.82 |
Hua Yang Bhd RR 2Q FY 2013
Stock Name: HUAYANG
Company Name: HUA YANG BHD
Company Name: HUA YANG BHD
| Research House: WILSON & YORK | Price Call: BUY | Target Price: 2.06 |
Buy Axis REIT shares: HwangDBS
Stock Name: AXREIT
Company Name: AXIS REITS
HwangDBS Vickers Research expects Axis Real Estate Investment Trust (Axis REIT) to continue to actively acquire more assets, especially properties outside the Klang Valley, because of rising land values in the conurbation.
HwangDBS said in a research note today Axis REIT has completed RM219m worth of acquisitions year-to-date and is currently considering acquiring RM608 million worth of assets, mostly logistics and industrial facilities.
"Existing properties will provide stable, long-term rental income with minimal tenant risk," the research house said, adding enhancement works underway at Wisma Bintang, Infinite Centre and Wisma Academy will generate higher yields upion completion.
It is maintaining a 'buy' rating with target price of RM3.35.
-- Bernama
Company Name: AXIS REITS
| Research House: HWANGDBS | Price Call: BUY | Target Price: 3.35 |
HwangDBS Vickers Research expects Axis Real Estate Investment Trust (Axis REIT) to continue to actively acquire more assets, especially properties outside the Klang Valley, because of rising land values in the conurbation.
HwangDBS said in a research note today Axis REIT has completed RM219m worth of acquisitions year-to-date and is currently considering acquiring RM608 million worth of assets, mostly logistics and industrial facilities.
"Existing properties will provide stable, long-term rental income with minimal tenant risk," the research house said, adding enhancement works underway at Wisma Bintang, Infinite Centre and Wisma Academy will generate higher yields upion completion.
It is maintaining a 'buy' rating with target price of RM3.35.
-- Bernama
October 22, 2012
Results within expectation
Stock Name: BURSA
Company Name: BURSA MALAYSIA BHD
Company Name: BURSA MALAYSIA BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 7.00 |
Alliance keeps 'neutral' call on CIMB
Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Alliance Research has maintained its "neutral" call for CIMB Group, with unchanged RM7.81 target price, based on a 15 per cent discount to its Gordon Growth valuation model.
The reseach house said the group's upside share price will be capped by ongoing external uncertainties due to its vast regional footholds and potential foreign selldown due to high foreign shareholdings and election risk.
Meanwhile, Hong Leong Investment Bank (HLIB) Research placed a "hold" call, with the target price maintained at RM7.78 on CIMB Group.
HLIB Research said among the positives for the group are robust prospects of Indonesia's banking industry, growing regional universal bank platform and proxy to growth and the capital market.
However, it said the bank's non-interest income may fall short if capital markets softened. -- BERNAMA
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: ALLIANCE | Price Call: HOLD | Target Price: 7.78 |
Alliance Research has maintained its "neutral" call for CIMB Group, with unchanged RM7.81 target price, based on a 15 per cent discount to its Gordon Growth valuation model.
The reseach house said the group's upside share price will be capped by ongoing external uncertainties due to its vast regional footholds and potential foreign selldown due to high foreign shareholdings and election risk.
Meanwhile, Hong Leong Investment Bank (HLIB) Research placed a "hold" call, with the target price maintained at RM7.78 on CIMB Group.
HLIB Research said among the positives for the group are robust prospects of Indonesia's banking industry, growing regional universal bank platform and proxy to growth and the capital market.
However, it said the bank's non-interest income may fall short if capital markets softened. -- BERNAMA
Bursa Malaysia upgraded to 'buy'
Stock Name: BURSA
Company Name: BURSA MALAYSIA BHD
TA Securities raised its rating on Bursa Malaysia Bhd to 'buy' from 'hold', citing the upside from various initiatives expected to boost trading activities on the local bourse.
The ASEAN Trading Link launched in September, linking stock exchanges in Singapore, Malaysia and Thailand by October, is expected to spur trade especially among foreign investors, said TA in a report on today.
"With the various initiatives in place, Bursa Malaysia appears on track to achieve some of its mid-term targets, in our view," TA said.
The brokerage raised its target price for Bursa Malaysia to RM7.20 from RM6.95, expecting a potential upside of 15 percent for the stock.
The company's results for the second quarter ended June 30 were bolstered by the 14 listings in Malaysia since January, increasing listing fees 2.2 percent as funds raised in the market grew 77 percent to 22.8 billion, TA said.
Shares of the company were down 0.63 per cent at RM6.35 ringgit at 1109 am (0309 GMT). - Reuters
Company Name: BURSA MALAYSIA BHD
| Research House: TA | Price Call: BUY | Target Price: 7.20 |
TA Securities raised its rating on Bursa Malaysia Bhd to 'buy' from 'hold', citing the upside from various initiatives expected to boost trading activities on the local bourse.
The ASEAN Trading Link launched in September, linking stock exchanges in Singapore, Malaysia and Thailand by October, is expected to spur trade especially among foreign investors, said TA in a report on today.
"With the various initiatives in place, Bursa Malaysia appears on track to achieve some of its mid-term targets, in our view," TA said.
The brokerage raised its target price for Bursa Malaysia to RM7.20 from RM6.95, expecting a potential upside of 15 percent for the stock.
The company's results for the second quarter ended June 30 were bolstered by the 14 listings in Malaysia since January, increasing listing fees 2.2 percent as funds raised in the market grew 77 percent to 22.8 billion, TA said.
Shares of the company were down 0.63 per cent at RM6.35 ringgit at 1109 am (0309 GMT). - Reuters
Tobacco industry cut to 'underweight'
Stock Name: JTINTER
Company Name: JT INTERNATIONAL BHD
Stock Name: BAT
Company Name: BRITISH AMERICAN TOBACCO (M)
Affin Investment Research cut its rating on Malaysia's tobacco industry to "underweight" from "neutral" after the government unexpectedly hiked the price of cigarettes by 20 sen per pack, effective from Oct. 22.
"The tax hike has come as a negative surprise as we had earlier expected the tobacco tax hike would only resume in Budget 2014, post the 13th General Election," Affin said in a note on Monday.
"A hike would definitely bring a negative impact on total industry volume growth as a higher pricing structure invariably leads to a surge in illicit trades, and thus exerts downward pressure on industry volumes," Affin added.
The research house lowered ratings on JT International Bhd to "reduce" from "add" and cut its target price to RM6.95 per share from RM8.00.
Affin also downgraded its target price on British American Tobacco Malaysia Bhd to RM56.00 per share from RM56.13. -- Reuters
Company Name: JT INTERNATIONAL BHD
| Research House: AFFIN | Price Call: SELL | Target Price: 6.95 |
Stock Name: BAT
Company Name: BRITISH AMERICAN TOBACCO (M)
| Research House: AFFIN | Price Call: SELL | Target Price: 56.00 |
Affin Investment Research cut its rating on Malaysia's tobacco industry to "underweight" from "neutral" after the government unexpectedly hiked the price of cigarettes by 20 sen per pack, effective from Oct. 22.
"The tax hike has come as a negative surprise as we had earlier expected the tobacco tax hike would only resume in Budget 2014, post the 13th General Election," Affin said in a note on Monday.
"A hike would definitely bring a negative impact on total industry volume growth as a higher pricing structure invariably leads to a surge in illicit trades, and thus exerts downward pressure on industry volumes," Affin added.
The research house lowered ratings on JT International Bhd to "reduce" from "add" and cut its target price to RM6.95 per share from RM8.00.
Affin also downgraded its target price on British American Tobacco Malaysia Bhd to RM56.00 per share from RM56.13. -- Reuters
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