Stock Name: SKPETRO
Company Name: SAPURAKENCANA PETROLEUM BHD
Company Name: SAPURAKENCANA PETROLEUM BHD
| Research House: MIDF | Price Call: BUY | Target Price: 3.17 |
November 2, 2012
Thriving on healthy growth in domestic consumption
Stock Name: NESTLE
Company Name: NESTLE (M) BHD
Company Name: NESTLE (M) BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 59.52 |
Kenanga ups SapuraKencana's fair value
Stock Name: SKPETRO
Company Name: SAPURAKENCANA PETROLEUM BHD
Kenanga Research raised SapuraKencana Petroleum Bhd's fair value to RM2.90 from RM2.80 after the oil and gas services firm secured two new contracts worth a total of RM836 million (273.92 million).
"We are positive on the wins," the research house said in a note on Friday. "Despite being marginal in terms of value, the cumulative contract of RM1 billion (327.65 million) for 2012, illustrates SapuraKencana's market dominance in the local fabrication scene."
Kenanga maintained an 'outperform' on the counter, and said it was positive on the company due to its domestic EPCIC (engineering, procurement, construction, installation and commission) market dominance and reputable international global track record.
The counter rose 1.53 per cent to RM2.65 per share, outperforming the broader index's 0.11 per cent drop. - Reuters
Company Name: SAPURAKENCANA PETROLEUM BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 2.90 |
Kenanga Research raised SapuraKencana Petroleum Bhd's fair value to RM2.90 from RM2.80 after the oil and gas services firm secured two new contracts worth a total of RM836 million (273.92 million).
"We are positive on the wins," the research house said in a note on Friday. "Despite being marginal in terms of value, the cumulative contract of RM1 billion (327.65 million) for 2012, illustrates SapuraKencana's market dominance in the local fabrication scene."
Kenanga maintained an 'outperform' on the counter, and said it was positive on the company due to its domestic EPCIC (engineering, procurement, construction, installation and commission) market dominance and reputable international global track record.
The counter rose 1.53 per cent to RM2.65 per share, outperforming the broader index's 0.11 per cent drop. - Reuters
3QFY12 Result Review - Seasonally High
Stock Name: NESTLE
Company Name: NESTLE (M) BHD
Company Name: NESTLE (M) BHD
| Research House: BIMB | Price Call: HOLD | Target Price: 68.20 |
2 Massive Contract Wins
Stock Name: SKPETRO
Company Name: SAPURAKENCANA PETROLEUM BHD
Company Name: SAPURAKENCANA PETROLEUM BHD
| Research House: TA | Price Call: BUY | Target Price: 3.32 |
A Disappointing Quarter
Stock Name: SEG
Company Name: SEG INTERNATIONAL BHD
Company Name: SEG INTERNATIONAL BHD
| Research House: TA | Price Call: SELL | Target Price: 1.72 |
RHB cuts SEG Int to 'market perform'
Stock Name: SEG
Company Name: SEG INTERNATIONAL BHD
RHB Research cut its rating on SEG International Bhd to 'market perform' from 'outperform' after the education provider reported a fall in third-quarter earnings.
RHB also reduced SEG's earnings forecasts for the next two years by between 12.6 per cent and 14.7 per cent after revising student growth assumptions.
SEG's third-quarter net profit fell 13.8 percent to RM15.8 million.
The company's earnings were hit by a higher number of graduating students, while costs remained fixed and margins declined as a result, said RHB. SEG expects to recruit more students in the current quarter, for which a small recovery in earnings is anticipated, the brokerage said.
RHB reduced its target price to RM2 from RM2.20. - Reuters
Company Name: SEG INTERNATIONAL BHD
| Research House: RHB | Price Call: HOLD | Target Price: 2.00 |
RHB Research cut its rating on SEG International Bhd to 'market perform' from 'outperform' after the education provider reported a fall in third-quarter earnings.
RHB also reduced SEG's earnings forecasts for the next two years by between 12.6 per cent and 14.7 per cent after revising student growth assumptions.
SEG's third-quarter net profit fell 13.8 percent to RM15.8 million.
The company's earnings were hit by a higher number of graduating students, while costs remained fixed and margins declined as a result, said RHB. SEG expects to recruit more students in the current quarter, for which a small recovery in earnings is anticipated, the brokerage said.
RHB reduced its target price to RM2 from RM2.20. - Reuters
November 1, 2012
Kenanga ups Tenaga's target price
Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Kenanga Research raised its target price on Tenaga Nasional Bhd to RM8.05 from RM7.90 after Malaysia's largest energy provider posted a full-year net profit of RM3.35 billion in line with market estimates.
The brokerage maintained its "outperform" call on the stock.
Costs for the financial year ended Aug. 31 were contained with higher coal usage and gas supply, said Kenanga in a report on Thursday.
Kenanga added that the downside risk to Tenaga is limited after assurance from the government that compensations for fuel costs will continue, as asserted by the company this week.
Discounting the compensation of RM1.48 billion for the full year, net profit rose 34.2 percent to RM2.9 billion from RM2.2 billion.
Shares of the company rose 0.72 percent to RM7. -- Reuters
Company Name: TENAGA NASIONAL BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 8.05 |
Kenanga Research raised its target price on Tenaga Nasional Bhd to RM8.05 from RM7.90 after Malaysia's largest energy provider posted a full-year net profit of RM3.35 billion in line with market estimates.
The brokerage maintained its "outperform" call on the stock.
Costs for the financial year ended Aug. 31 were contained with higher coal usage and gas supply, said Kenanga in a report on Thursday.
Kenanga added that the downside risk to Tenaga is limited after assurance from the government that compensations for fuel costs will continue, as asserted by the company this week.
Discounting the compensation of RM1.48 billion for the full year, net profit rose 34.2 percent to RM2.9 billion from RM2.2 billion.
Shares of the company rose 0.72 percent to RM7. -- Reuters
Carlsberg gets 'outperform' call
Stock Name: CARLSBG
Company Name: CARLSBERG BREWERY MALAYSIA BHD
Kenanga Research initiated coverage of Carlsberg Brewery Malaysia Berhad with an "outperform" call, given the brewer's strength in the niche beer market.
The brewer has the second-biggest market share in Malaysia, at 40 percent. The firm's niche products will help the company expand market share by 1.5 percent by June, Kenanga said in a note on Thursday.
"Carlsberg is the leader in the super premium segment, albeit the segment is still relatively new and small," Kenanga said.
"We believe that Carlsberg will be better positioned to compete with Guninness Anchor Berhad with its new locally brewed Asahi and the fast-growing Kronenbourg."
Kenanga set a target price of RM14.10 per share.
At 9.38 am, Carlsberg shares were down 0.46 percent at RM13.02, while the benchmark composite index was up 0.22 percent at 1,676.95. -- Reuters
Company Name: CARLSBERG BREWERY MALAYSIA BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 14.10 |
Kenanga Research initiated coverage of Carlsberg Brewery Malaysia Berhad with an "outperform" call, given the brewer's strength in the niche beer market.
The brewer has the second-biggest market share in Malaysia, at 40 percent. The firm's niche products will help the company expand market share by 1.5 percent by June, Kenanga said in a note on Thursday.
"Carlsberg is the leader in the super premium segment, albeit the segment is still relatively new and small," Kenanga said.
"We believe that Carlsberg will be better positioned to compete with Guninness Anchor Berhad with its new locally brewed Asahi and the fast-growing Kronenbourg."
Kenanga set a target price of RM14.10 per share.
At 9.38 am, Carlsberg shares were down 0.46 percent at RM13.02, while the benchmark composite index was up 0.22 percent at 1,676.95. -- Reuters
Positive 1Q/FY13 results - within expectations. Revise to Buy Call.
Stock Name: SPRITZR
Company Name: SPRITZER BHD
Company Name: SPRITZER BHD
| Research House: MERCURY | Price Call: BUY | Target Price: 1.03 |
Gaining Ground
Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Company Name: TENAGA NASIONAL BHD
| Research House: TA | Price Call: BUY | Target Price: 8.20 |
Earnings charged up by fuel compensation
Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Company Name: TENAGA NASIONAL BHD
| Research House: MIDF | Price Call: BUY | Target Price: 8.00 |
May eventually benefit from parent’s Carrefour acquisition
Stock Name: AEON
Company Name: AEON CO. (M) BHD
Company Name: AEON CO. (M) BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 12.10 |
HLIB keeps 'buy' call on Pharmaniaga
Stock Name: PHARMA
Company Name: PHARMANIAGA BHD
KUALA LUMPUR: Hong Leong Investment Bank (HLIB) has maintained a "buy" rating on the largest integrated local healthcare company in Malaysia, Pharmaniaga Bhd, even after lowering the target price from RM9.41 to RM9.17.
In a research note today, HLIB reaffirmed Pharmaniaga's bullish stance and its business strategies going forward, to capture more opportunities presented by the domestic as well as the regional healthcare industries which areresiliently growing.
"Besides supplying hemodialysis medical equipment under the memorandum of understanding (MOU) with Pusat Pakar Dialysis Traktif Sdn Bhd last week,Pharmaniaga has also positioned itself as the vendor of related drugs and consumables in order to enjoy recurring income for the deal," it said.
Following the MOU, Pharmaniaga may be reviving its medical products and services business division, which was laid low in financial year 2011, HLIB said.
Pharmaniaga' share was at RM8.45 at midday today.-- BERNAMA
Company Name: PHARMANIAGA BHD
| Research House: HLG | Price Call: BUY | Target Price: 9.17 |
KUALA LUMPUR: Hong Leong Investment Bank (HLIB) has maintained a "buy" rating on the largest integrated local healthcare company in Malaysia, Pharmaniaga Bhd, even after lowering the target price from RM9.41 to RM9.17.
In a research note today, HLIB reaffirmed Pharmaniaga's bullish stance and its business strategies going forward, to capture more opportunities presented by the domestic as well as the regional healthcare industries which areresiliently growing.
"Besides supplying hemodialysis medical equipment under the memorandum of understanding (MOU) with Pusat Pakar Dialysis Traktif Sdn Bhd last week,Pharmaniaga has also positioned itself as the vendor of related drugs and consumables in order to enjoy recurring income for the deal," it said.
Following the MOU, Pharmaniaga may be reviving its medical products and services business division, which was laid low in financial year 2011, HLIB said.
Pharmaniaga' share was at RM8.45 at midday today.-- BERNAMA
October 31, 2012
Slow margin recovery
Stock Name: THPLANT
Company Name: TH PLANTATIONS BHD
Company Name: TH PLANTATIONS BHD
| Research House: BIMB | Price Call: BUY | Target Price: 3.17 |
1QFY13 RESULTS REPORT
Stock Name: REDTONE
Company Name: REDTONE INTERNATIONAL BHD
Company Name: REDTONE INTERNATIONAL BHD
| Research House: NETRESEARCH | Price Call: BUY | Target Price: 0.44 |
Lacklustre refineries’ demand hit bottom-line
Stock Name: THPLANT
Company Name: TH PLANTATIONS BHD
Company Name: TH PLANTATIONS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 2.40 |
Against the odds
Stock Name: GTRONIC
Company Name: GLOBETRONICS TECHNOLOGY BHD
Company Name: GLOBETRONICS TECHNOLOGY BHD
| Research House: MIDF | Price Call: BUY | Target Price: 1.75 |
October 30, 2012
Terminating vinyl business – RM560m provision charge
Stock Name: PCHEM
Company Name: PETRONAS CHEMICALS GROUP BHD
Company Name: PETRONAS CHEMICALS GROUP BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 6.68 |
Slower growth in Indonesia, as Niaga plans to up the ante
Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: MIDF | Price Call: HOLD | Target Price: 8.20 |
'Overweight' call on Perdana Petroleum
Stock Name: PERDANA
Company Name: PERDANA PETROLEUM BERHAD
Hong Leong Investment Bank has initiated coverage of Perdana Petroleum starting the offshore marine services firm with an "overweight" call.
The bank said the firm will benefit from a pick-up in the global and domestic off-shore oil and gas sector.
"We are projecting a drastic swing from a core earnings loss of RM28 million (in 2011) to a core earnings profit of RM24 million and RM49 million in 2012 and 2013 respectively," it said.
The bank set a target price of RM1.50 per share.
At 9.50am, Perdana Petroleum was trading up 3.0 percent at RM1.03 per share while the benchmark composite index was up 0.23 percent at 1,676.47 points. -- Reuters
Company Name: PERDANA PETROLEUM BERHAD
| Research House: HLG | Price Call: BUY | Target Price: 1.50 |
Hong Leong Investment Bank has initiated coverage of Perdana Petroleum starting the offshore marine services firm with an "overweight" call.
The bank said the firm will benefit from a pick-up in the global and domestic off-shore oil and gas sector.
"We are projecting a drastic swing from a core earnings loss of RM28 million (in 2011) to a core earnings profit of RM24 million and RM49 million in 2012 and 2013 respectively," it said.
The bank set a target price of RM1.50 per share.
At 9.50am, Perdana Petroleum was trading up 3.0 percent at RM1.03 per share while the benchmark composite index was up 0.23 percent at 1,676.47 points. -- Reuters
October 29, 2012
Expect strong last quarter numbers
Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Company Name: TENAGA NASIONAL BHD
| Research House: MIDF | Price Call: BUY | Target Price: 7.82 |
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