November 9, 2012
FY12 Earnings Spot On
Stock Name: F&N
Company Name: FRASER & NEAVE HOLDINGS BHD
Company Name: FRASER & NEAVE HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 19.33 |
Affin cuts target price on Unisem
Stock Name: UNISEM
Company Name: UNISEM (M) BHD
Affin Investment Bank cut its target price on Unisem Berhad to RM1.36 from RM1.38 after the semiconductor firm's third-quarter results came in slightly below the bank's expectations.
Affin said a slower-than-expected recovery in global demand for Unisem products could pose a risk to its 'add' call on the stock.
Unisem returned to the black after registering losses in the three previous quarters. The company reported a 58 percent rise in net profit for the third quarter compared with a year earlier, helped by lower operating expenses, higher foreign exchange gains and changes in product mix, it said in a Bursa Malaysia filing on Thursday.
Affin attributed the turnaround to, among others, "further cost discipline by the group" and "improvement in product mix."
At 10.17am, Unisem was up RM2.63 at RM0.975 while the benchmark composite index was down 0.26 percent at 1,636.84 points.
Company Name: UNISEM (M) BHD
| Research House: AFFIN | Price Call: BUY | Target Price: 1.36 |
Affin Investment Bank cut its target price on Unisem Berhad to RM1.36 from RM1.38 after the semiconductor firm's third-quarter results came in slightly below the bank's expectations.
Affin said a slower-than-expected recovery in global demand for Unisem products could pose a risk to its 'add' call on the stock.
Unisem returned to the black after registering losses in the three previous quarters. The company reported a 58 percent rise in net profit for the third quarter compared with a year earlier, helped by lower operating expenses, higher foreign exchange gains and changes in product mix, it said in a Bursa Malaysia filing on Thursday.
Affin attributed the turnaround to, among others, "further cost discipline by the group" and "improvement in product mix."
At 10.17am, Unisem was up RM2.63 at RM0.975 while the benchmark composite index was down 0.26 percent at 1,636.84 points.
Strong quarterly rebound as manufacturing shines
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.53 |
Higher dividend in the horizon
Stock Name: KOSSAN
Company Name: KOSSAN RUBBER INDUSTRIES BHD
Company Name: KOSSAN RUBBER INDUSTRIES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 3.71 |
Picking up the pieces
Stock Name: F&N
Company Name: FRASER & NEAVE HOLDINGS BHD
Company Name: FRASER & NEAVE HOLDINGS BHD
| Research House: MIDF | Price Call: SELL | Target Price: 15.17 |
Earnings bottoming out
Stock Name: CENTURY
Company Name: CENTURY LOGISTICS HOLDINGS BHD
Company Name: CENTURY LOGISTICS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 1.96 |
Exceptional recoveries in 1HFY13 unlikely to be repeated in 2HFY13
Stock Name: AMBANK
Company Name: AMMB HOLDINGS BHD
Company Name: AMMB HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 6.60 |
November 8, 2012
CI Holdings - 1QFY13 RESULTS - Slowdown in tapware business
Stock Name: CIHLDG
Company Name: C.I. HOLDINGS BHD
Company Name: C.I. HOLDINGS BHD
| Research House: CIMB | Price Call: SELL | Target Price: 0.73 |
MIDF raises Gas Malaysia target price
Stock Name: GASMSIA
Company Name: GAS MALAYSIA BERHAD
MIDF Research raised its target price on Gas Malaysia Bhd to RM3.11 from RM2.84 after the gas provider's nine-month earnings came in above market expectations.
"As of yesterday's closing (RM2.62 per share), Gas Malaysia could still provide investors with a dividend yield of 4.5 percent and 4.3 percent for the financial year ending Dec.
31, 2012 (FY12) and FY13 respectively," the research house said in a note on Thursday.
Maintaining "buy" on the counter, MIDF said it was increasing its FY12 and FY13 earnings forecasts by 7.8 percent and 9.5 percent, respectively.
However, the counter declined 0.38 percent by 0134 GMT, underperforming the benchmark stock index's 0.17 percent drop. -- Reuters
Company Name: GAS MALAYSIA BERHAD
| Research House: MIDF | Price Call: BUY | Target Price: 3.11 |
MIDF Research raised its target price on Gas Malaysia Bhd to RM3.11 from RM2.84 after the gas provider's nine-month earnings came in above market expectations.
"As of yesterday's closing (RM2.62 per share), Gas Malaysia could still provide investors with a dividend yield of 4.5 percent and 4.3 percent for the financial year ending Dec.
31, 2012 (FY12) and FY13 respectively," the research house said in a note on Thursday.
Maintaining "buy" on the counter, MIDF said it was increasing its FY12 and FY13 earnings forecasts by 7.8 percent and 9.5 percent, respectively.
However, the counter declined 0.38 percent by 0134 GMT, underperforming the benchmark stock index's 0.17 percent drop. -- Reuters
November 7, 2012
MIDF cuts Hartalega to 'neutral'
Stock Name: HARTA
Company Name: HARTALEGA HOLDINGS BHD
MIDF Research downgraded Hartalega Holdings Bhd, the world's top synthetic glove maker, to a "neutral" from "buy" after shares of the company reached an all-time high.
"The stock has increased significantly in the last few months, appreciating 65.7 percent year-to-date and is currently trading at its highest level. At this juncture, we believe there is limited upside potential for price appreciation in the near term," said MIDF in a report on Wednesday.
It maintained a target price of RM5.10 for the stock.
The stock was buoyed by the company's improved earnings for the first half of 2013 financial year. Revenue rose 12 percent to RM502.7 million, while net profit rose 10.9 percent to RM111.9 million, according to MIDF.
Hartalega shares were up 1.84 percent at RM4.98. -- Reuters
Company Name: HARTALEGA HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 5.10 |
MIDF Research downgraded Hartalega Holdings Bhd, the world's top synthetic glove maker, to a "neutral" from "buy" after shares of the company reached an all-time high.
"The stock has increased significantly in the last few months, appreciating 65.7 percent year-to-date and is currently trading at its highest level. At this juncture, we believe there is limited upside potential for price appreciation in the near term," said MIDF in a report on Wednesday.
It maintained a target price of RM5.10 for the stock.
The stock was buoyed by the company's improved earnings for the first half of 2013 financial year. Revenue rose 12 percent to RM502.7 million, while net profit rose 10.9 percent to RM111.9 million, according to MIDF.
Hartalega shares were up 1.84 percent at RM4.98. -- Reuters
2QFY13 Result Review - Numbers are going steadily
Stock Name: HARTA
Company Name: HARTALEGA HOLDINGS BHD
Company Name: HARTALEGA HOLDINGS BHD
| Research House: BIMB | Price Call: HOLD | Target Price: 5.08 |
1QFY13 - Results Update
Stock Name: GDEX
Company Name: GD EXPRESS CARRIER BHD
Company Name: GD EXPRESS CARRIER BHD
| Research House: NETRESEARCH | Price Call: HOLD | Target Price: 1.45 |
Acquiring Jalan Cochrane Land from LTAT
Stock Name: BSTEAD
Company Name: BOUSTEAD HOLDINGS BHD
Company Name: BOUSTEAD HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 6.35 |
November 6, 2012
1QFY13 results review
Stock Name: TMCLIFE
Company Name: TMC LIFE SCIENCES BHD
Company Name: TMC LIFE SCIENCES BHD
| Research House: NETRESEARCH | Price Call: BUY | Target Price: 0.42 |
Expands Drilling Business
Stock Name: SKPETRO
Company Name: SAPURAKENCANA PETROLEUM BHD
Company Name: SAPURAKENCANA PETROLEUM BHD
| Research House: TA | Price Call: BUY | Target Price: 3.46 |
Poised to be the biggest tender rigs owner in the world
Stock Name: SKPETRO
Company Name: SAPURAKENCANA PETROLEUM BHD
Company Name: SAPURAKENCANA PETROLEUM BHD
| Research House: MIDF | Price Call: BUY | Target Price: 3.96 |
Lower commodity prices, but the good times not likely to last
Stock Name: NESTLE
Company Name: NESTLE (M) BHD
Company Name: NESTLE (M) BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 59.52 |
Yet to diversify from its high concentration in personal loans
Stock Name: MBSB
Company Name: MALAYSIA BUILDING SOCIETY BHD
Company Name: MALAYSIA BUILDING SOCIETY BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 2.45 |
FY13 Earnings Growth Intact
Stock Name: SKPRES
Company Name: SKP RESOURCES BHD
Company Name: SKP RESOURCES BHD
| Research House: TA | Price Call: BUY | Target Price: 0.58 |
November 5, 2012
WCT shares rise on land purchase news
KUALA LUMPUR: Construction and property development
company, WCT Bhd's share price rose one sen to RM2.75 following news that the company had acquired 7.33 hectares (18.12 acres) of land in Medini, Iskandar Johor, worth RM99.4 million.
The counter, which moved between RM2.72 and RM2.75, saw 130,300
shares traded.
The venture marks WCT's third property development project in the Iskandar region and is earmarked for a mixed commercial development with an estimated gross development value of RM1.5 billion.
Kenanga Research said the acquisition is a positive move as WCT will be able to secure the earthworks job for the Tun Razak Exchange and the Refinery and Petrochemicals Integrated Development (RAPID) project in the near term.
"We are positive on this acquisition and believe that it is the right time for WCT to expand its property exposure in the Iskandar area," Kenanga Research said in a note today.
The research house has maintained its "outperform" recommendation on WCT with a higher target price (TP) of RM3.17 against RM2.74 previously.
Hong Leong Investment Bank (HLIB) said earnings from this development are expected to kick in from financial year 2014 onwards.
It also maintained its "buy" call on WCT with an unchanged TP of RM3.31. -- BERNAMA
4QFY12 Results Report
Stock Name: BSLCORP
Company Name: BSL CORPORATION BERHAD
Company Name: BSL CORPORATION BERHAD
| Research House: NETRESEARCH | Price Call: HOLD | Target Price: 0.28 |
3Q/FY12 results - within expectations. Maintain Buy Call.
Stock Name: MBSB
Company Name: MALAYSIA BUILDING SOCIETY BHD
Company Name: MALAYSIA BUILDING SOCIETY BHD
| Research House: MERCURY | Price Call: BUY | Target Price: 2.66 |
Affin raises Petra Energy to 'add'
Stock Name: PENERGY
Company Name: PETRA ENERGY BHD
Affin Investment Bank raised its call on oil and gas services firm Petra Energy Bhd to "add" from "reduce", citing stronger earnings growth from its recently acquired service contracts.
The research house lifted its earnings forecast for the financial years of 2013 and 2014 by 23.9 percent and 38.3 percent after pencilling in profit contributions from the Kapal, Banang, Meranti (KBM) risk service contract and the Gumusut-Kakap offshore service contract.
Affin also revised Petra Energy's target price to RM1.95 from RM1.62 previously. -- Reuters
Company Name: PETRA ENERGY BHD
| Research House: AFFIN | Price Call: TRADING BUY | Target Price: 1.95 |
Affin Investment Bank raised its call on oil and gas services firm Petra Energy Bhd to "add" from "reduce", citing stronger earnings growth from its recently acquired service contracts.
The research house lifted its earnings forecast for the financial years of 2013 and 2014 by 23.9 percent and 38.3 percent after pencilling in profit contributions from the Kapal, Banang, Meranti (KBM) risk service contract and the Gumusut-Kakap offshore service contract.
Affin also revised Petra Energy's target price to RM1.95 from RM1.62 previously. -- Reuters
RHB ups Parkson's fair value
Stock Name: PARKSON
Company Name: PARKSON HOLDINGS BHD
RHB Research raised its fair value estimate on shares of Parkson Holdings Bhd to RM5.32 from RM4.90, citing the retailer's expansion plans.
Parkson shares were flat at RM5.20, while the benchmark composite index was down 0.07 percent at 1654.94.
Parkson's operations in China will continue to be a key driver for the company's prospects, with 8 to 10 stores opening annually in smaller cities, RHB said in a note on Monday.
The company's operations in Indonesia is growing steadily and it plans to open stores in Cambodia and Myanmar in 2013, the brokerage said. In Malaysia, the firm's wholly-owned shopping mall, KL Festival City, contributed to operating profit positively in 2012, RHB said.
However, Parkson's shares could be hurt by a slowdown in consumer spending in China and if expenses on new stores and malls exceed expectations, it added. -- Reuters
Company Name: PARKSON HOLDINGS BHD
| Research House: RHB | Price Call: BUY | Target Price: 5.32 |
RHB Research raised its fair value estimate on shares of Parkson Holdings Bhd to RM5.32 from RM4.90, citing the retailer's expansion plans.
Parkson shares were flat at RM5.20, while the benchmark composite index was down 0.07 percent at 1654.94.
Parkson's operations in China will continue to be a key driver for the company's prospects, with 8 to 10 stores opening annually in smaller cities, RHB said in a note on Monday.
The company's operations in Indonesia is growing steadily and it plans to open stores in Cambodia and Myanmar in 2013, the brokerage said. In Malaysia, the firm's wholly-owned shopping mall, KL Festival City, contributed to operating profit positively in 2012, RHB said.
However, Parkson's shares could be hurt by a slowdown in consumer spending in China and if expenses on new stores and malls exceed expectations, it added. -- Reuters
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