November 21, 2012
Let down by heavy industries and plantation
Stock Name: BSTEAD
Company Name: BOUSTEAD HOLDINGS BHD
Company Name: BOUSTEAD HOLDINGS BHD
| Research House: CIMB | Price Call: HOLD | Target Price: 5.32 |
November 20, 2012
RM3b sales target for FY13
Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Company Name: MAH SING GROUP BHD
| Research House: MIDF | Price Call: BUY | Target Price: 2.85 |
To play catch up in 2013
Stock Name: KONSORT
Company Name: KONSORTIUM LOGISTIK BHD
Company Name: KONSORTIUM LOGISTIK BHD
| Research House: MIDF | Price Call: BUY | Target Price: 1.15 |
Net translation gain elevate earnings
Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Company Name: IOI CORPORATION BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 4.90 |
Betting on OUE consortium to win Fraser and Neave and take F&N private
Stock Name: F&N
Company Name: FRASER & NEAVE HOLDINGS BHD
Company Name: FRASER & NEAVE HOLDINGS BHD
| Research House: MIDF | Price Call: BUY | Target Price: 21.00 |
Non interest income and credit cost better than expected
Stock Name: AFFIN
Company Name: AFFIN HOLDINGS BHD
Company Name: AFFIN HOLDINGS BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.20 |
3QFY12 Results Report
Stock Name: BPPLAS
Company Name: BP PLASTICS HOLDING BHD
Company Name: BP PLASTICS HOLDING BHD
| Research House: NETRESEARCH | Price Call: BUY | Target Price: 0.71 |
Earnings Upcycle Not Over Yet
Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Company Name: MAH SING GROUP BHD
| Research House: TA | Price Call: BUY | Target Price: 3.02 |
9MFY12 Results Exceed Expectations
Stock Name: AFFIN
Company Name: AFFIN HOLDINGS BHD
Company Name: AFFIN HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 4.40 |
Signs of Things to Come
Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Company Name: IOI CORPORATION BHD
| Research House: TA | Price Call: HOLD | Target Price: 5.64 |
'Overweight' call maintained on banking
Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD
Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: AMBANK
Company Name: AMMB HOLDINGS BHD
Stock Name: BIMB
Company Name: BIMB HOLDINGS BHD
KUALA LUMPUR: Kenanga Research has maintained its "overweight" call on the banking sector, as it believes the local banking group will do well in the current conducive banking system with their strong balance sheets and improving earnings.
"We are seeing more evidence that the 'Responsible Lending Guidelines' by Bank Negara Malaysia is already bringing some changes to the banking industry arena," the research firm said in a note.
It expects the softer trading conditions at present to persist in the short term, and, if markets do recover, Maybank and CIMB should see the biggest recovery in their non-interest income earnings in the industry.
Kenanga Research has 'outperform' calls on Maybank with a target price (TP) of RM10.40, PBBANK (TP:RM15.60), RHBCAP (TP:RM8.30), CIMB (TP:RM8.20), AMMB (TP:RM7.40), AFFIN (TP:RM4.40) and BIMB (TP:3.60).
AFG(TP:RM4.00) and HLBANK (TP:RM15.20) are rated as 'neutral'. -- BERNAMA
Company Name: MALAYAN BANKING BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 10.40 |
Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 15.60 |
Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 8.30 |
Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: KENANGA | Price Call: BUY | Target Price: 8.20 |
Stock Name: AMBANK
Company Name: AMMB HOLDINGS BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 7.40 |
Stock Name: BIMB
Company Name: BIMB HOLDINGS BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 3.60 |
KUALA LUMPUR: Kenanga Research has maintained its "overweight" call on the banking sector, as it believes the local banking group will do well in the current conducive banking system with their strong balance sheets and improving earnings.
"We are seeing more evidence that the 'Responsible Lending Guidelines' by Bank Negara Malaysia is already bringing some changes to the banking industry arena," the research firm said in a note.
It expects the softer trading conditions at present to persist in the short term, and, if markets do recover, Maybank and CIMB should see the biggest recovery in their non-interest income earnings in the industry.
Kenanga Research has 'outperform' calls on Maybank with a target price (TP) of RM10.40, PBBANK (TP:RM15.60), RHBCAP (TP:RM8.30), CIMB (TP:RM8.20), AMMB (TP:RM7.40), AFFIN (TP:RM4.40) and BIMB (TP:3.60).
AFG(TP:RM4.00) and HLBANK (TP:RM15.20) are rated as 'neutral'. -- BERNAMA
Malaysian Genomics Resource Centre - 1QFY13 RESULTS - Defective genes
Stock Name: MGRC
Company Name: MSIAN GENOMICS RES CENTRE BHD
Company Name: MSIAN GENOMICS RES CENTRE BHD
| Research House: CIMB | Price Call: SELL | Target Price: 0.26 |
November 19, 2012
Front runner for RM3b freight relief line?
Stock Name: MRCB
Company Name: MALAYSIAN RESOURCES CORP
Company Name: MALAYSIAN RESOURCES CORP
| Research House: MIDF | Price Call: BUY | Target Price: 2.07 |
Increasing exposure in offshore logistics
Stock Name: MAYBULK
Company Name: MALAYSIAN BULK CARRIERS BHD
Company Name: MALAYSIAN BULK CARRIERS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 1.53 |
Additional Investment into POSH
Stock Name: MAYBULK
Company Name: MALAYSIAN BULK CARRIERS BHD
Company Name: MALAYSIAN BULK CARRIERS BHD
| Research House: TA | Price Call: SELL | Target Price: 1.24 |
Affin cuts rating on Parkson Holdings
Stock Name: PARKSON
Company Name: PARKSON HOLDINGS BHD
Affin Investment Bank cut its rating on Parkson Holdings Bhd to 'reduce' from 'buy', following its retail unit's disappointing earnings in the first nine months of the year due to uncertain operating conditions in China.
Parkson Retail Group's surprising weaker year-to-date same-store-sales growth was caused by a slowdown in China's consumer spending and gross domestic product, the research house said on Monday.
Parkson's third-quarter core net profit plunged 42 percent year-on-year because of losses at new stores, rental hikes and high costs in its e-commerce segment, Affin added.
Affin lowered its target price on Parkson Holdings to RM4.84 from RM5.35.
As of 0154 GMT, Parkson shares were down 3.2 per cent, underperforming the Malaysian benchmark index which dropped 0.2 percent. - Reuters
Company Name: PARKSON HOLDINGS BHD
| Research House: AFFIN | Price Call: BUY | Target Price: 4.84 |
Affin Investment Bank cut its rating on Parkson Holdings Bhd to 'reduce' from 'buy', following its retail unit's disappointing earnings in the first nine months of the year due to uncertain operating conditions in China.
Parkson Retail Group's surprising weaker year-to-date same-store-sales growth was caused by a slowdown in China's consumer spending and gross domestic product, the research house said on Monday.
Parkson's third-quarter core net profit plunged 42 percent year-on-year because of losses at new stores, rental hikes and high costs in its e-commerce segment, Affin added.
Affin lowered its target price on Parkson Holdings to RM4.84 from RM5.35.
As of 0154 GMT, Parkson shares were down 3.2 per cent, underperforming the Malaysian benchmark index which dropped 0.2 percent. - Reuters
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