November 20, 2012

RM3b sales target for FY13

Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Research House: MIDFPrice Call: BUYTarget Price: 2.85



To play catch up in 2013

Stock Name: KONSORT
Company Name: KONSORTIUM LOGISTIK BHD
Research House: MIDFPrice Call: BUYTarget Price: 1.15



Net translation gain elevate earnings

Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Research House: MIDFPrice Call: HOLDTarget Price: 4.90



A surprising big special dividend declared

Stock Name: FABER
Company Name: FABER GROUP BHD
Research House: MIDFPrice Call: BUYTarget Price: 1.71



Betting on OUE consortium to win Fraser and Neave and take F&N private

Stock Name: F&N
Company Name: FRASER & NEAVE HOLDINGS BHD
Research House: MIDFPrice Call: BUYTarget Price: 21.00



Non interest income and credit cost better than expected

Stock Name: AFFIN
Company Name: AFFIN HOLDINGS BHD
Research House: MIDFPrice Call: BUYTarget Price: 4.20



3QFY12 Results Report

Stock Name: BPPLAS
Company Name: BP PLASTICS HOLDING BHD
Research House: NETRESEARCHPrice Call: BUYTarget Price: 0.71



Earnings Upcycle Not Over Yet

Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Research House: TAPrice Call: BUYTarget Price: 3.02



9MFY12 Results Exceed Expectations

Stock Name: AFFIN
Company Name: AFFIN HOLDINGS BHD
Research House: TAPrice Call: BUYTarget Price: 4.40



Signs of Things to Come

Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Research House: TAPrice Call: HOLDTarget Price: 5.64



'Overweight' call maintained on banking

Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD
Research House: KENANGAPrice Call: BUYTarget Price: 10.40

Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
Research House: KENANGAPrice Call: BUYTarget Price: 15.60

Stock Name: RHBCAP
Company Name: RHB CAPITAL BHD
Research House: KENANGAPrice Call: BUYTarget Price: 8.30

Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Research House: KENANGAPrice Call: BUYTarget Price: 8.20

Stock Name: AMBANK
Company Name: AMMB HOLDINGS BHD
Research House: KENANGAPrice Call: BUYTarget Price: 7.40

Stock Name: BIMB
Company Name: BIMB HOLDINGS BHD
Research House: KENANGAPrice Call: BUYTarget 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
Research House: CIMBPrice Call: SELLTarget Price: 0.26



November 19, 2012

Front runner for RM3b freight relief line?

Stock Name: MRCB
Company Name: MALAYSIAN RESOURCES CORP
Research House: MIDFPrice Call: BUYTarget Price: 2.07



Increasing exposure in offshore logistics

Stock Name: MAYBULK
Company Name: MALAYSIAN BULK CARRIERS BHD
Research House: MIDFPrice Call: HOLDTarget Price: 1.53



Additional Investment into POSH

Stock Name: MAYBULK
Company Name: MALAYSIAN BULK CARRIERS BHD
Research House: TAPrice Call: SELLTarget Price: 1.24



Affin cuts rating on Parkson Holdings

Stock Name: PARKSON
Company Name: PARKSON HOLDINGS BHD
Research House: AFFINPrice Call: BUYTarget 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