December 19, 2012

December 18, 2012

December 17, 2012

Good Prospects Ahead

Stock Name: KIANJOO
Company Name: KIAN JOO CAN FACTORY BHD
Research House: TAPrice Call: BUYTarget Price: 2.56



Update Report - 17 Dec 2012

Stock Name: SNTORIA
Company Name: SENTORIA GROUP BERHAD
Research House: NETRESEARCHPrice Call: BUYTarget Price: 0.89



Seeing Silver Lining?

Stock Name: MELEWAR
Company Name: MELEWAR INDUSTRIAL GROUP BHD
Research House: TAPrice Call: HOLDTarget Price: 0.325



MIDF cuts AirAsia's target price

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: MIDFPrice Call: BUYTarget Price: 3.45



MIDF Research lowered its target price on AirAsia Bhd to RM3.45 from RM3.84 after Asia's largest budget carrier purchased an additional 100 Airbus A320 aircraft.

"We foresee short-term headwinds due to more intense competition from new entrant into its home market and increased uncertainties due to the stock removal from the benchmark stock index," the research house said in a note on Monday.

However, MIDF said the 9.4 billion deal with Airbus would further enhance AirAsia's position as the cost leader in the low cost carriers (LCC) industry.

"Our take on AirAsia is that, in time, it might even overtake the position of Ryanair Holdings Plc in Europe and Southwest in North America as the global leader of LCC given its high order-book for aircraft, and the huge population in Asia which is still under served," MIDF said.

The research house maintained its 'buy' rating on AirAsia shares. By 0929 a.m. (0129 GMT), shares of AirAsia dropped 2.25 per cent to RM2.61, underperforming the benchmark stock index's 0.44 per cent fall. -- Reuters