March 1, 2013

Expect higher TEUs volume upon completion of CT4

Stock Name: NCB
Company Name: NCB HOLDINGS BHD
Research House: MIDFPrice Call: HOLDTarget Price: 4.50



Short-term pain on the way to regional dominance

Stock Name: KPJ
Company Name: KPJ HEALTHCARE BHD
Research House: MIDFPrice Call: BUYTarget Price: 6.55



Earnings lifted by strong rebound of property segment

Stock Name: SUNWAY
Company Name: SUNWAY BERHAD
Research House: MIDFPrice Call: BUYTarget Price: 2.96



Steelbar rescues wire rod hit by China dumping

Stock Name: KINSTEL
Company Name: KINSTEEL BHD
Research House: MIDFPrice Call: HOLDTarget Price: 0.29



Expanding in inter-related sector

Stock Name: SENDAI
Company Name: EVERSENDAI CORPORATION BERHAD
Research House: MIDFPrice Call: BUYTarget Price: 1.73



Breaking even with higher load factor

Stock Name: MAS
Company Name: MALAYSIAN AIRLINE SYSTEM BHD
Research House: MIDFPrice Call: HOLDTarget Price: 0.78



Solid performance, but it is in the price

Stock Name: AEON
Company Name: AEON CO. (M) BHD
Research House: MIDFPrice Call: HOLDTarget Price: 12.10



Exercised 2nd rig option

Stock Name: PERISAI
Company Name: PERISAI PETROLEUM TEKNOLOGI
Research House: TAPrice Call: BUYTarget Price: 1.39



Surprised by Deferred Tax Liabilities

Stock Name: AMEDIA
Company Name: ASIA MEDIA GROUP BERHAD
Research House: TAPrice Call: SELLTarget Price: 0.115



February 28, 2013

Focussing on O&G

Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Research House: MIDFPrice Call: HOLDTarget Price: 12.30



HSBB and dividend potential remains intact

Stock Name: TM
Company Name: TELEKOM MALAYSIA BHD
Research House: MIDFPrice Call: BUYTarget Price: 6.75



Riding high with Almera

Stock Name: TCHONG
Company Name: TAN CHONG MOTOR HOLDINGS BHD
Research House: MIDFPrice Call: BUYTarget Price: 5.90



Profit met our lowered expectation

Stock Name: SIME
Company Name: SIME DARBY BHD
Research House: MIDFPrice Call: BUYTarget Price: 11.60



Reaping the benefit from material innovation

Stock Name: PANAMY
Company Name: PANASONIC MANUFACTURING MSIA
Research House: MIDFPrice Call: BUYTarget Price: 22.62



Property division boosted overall earnings

Stock Name: NAIM
Company Name: NAIM HOLDINGS BHD
Research House: MIDFPrice Call: BUYTarget Price: 3.22



Sales on target

Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Research House: MIDFPrice Call: BUYTarget Price: 2.32



Declared highest ever dividend

Stock Name: HSL
Company Name: HOCK SENG LEE BHD
Research House: MIDFPrice Call: BUYTarget Price: 2.14



Higher Finance Cost & Effective Tax Rate Eating into Profit

Stock Name: YSPSAH
Company Name: Y.S.P.SOUTHEAST ASIA HOLDING
Research House: TAPrice Call: SELLTarget Price: 1.06



Hope for Lifeline to Come Soon

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



Downstream Swing?

Stock Name: KWANTAS
Company Name: KWANTAS CORPORATION BHD
Research House: TAPrice Call: SELLTarget Price: 1.86



4QFY12: Riding an upswing

Stock Name: DELEUM
Company Name: DELEUM BHD
Research House: ALLIANCEPrice Call: BUYTarget Price: 2.70



1QFY13: Within expectations

Stock Name: KLK
Company Name: KUALA LUMPUR KEPONG BHD
Research House: ALLIANCEPrice Call: HOLDTarget Price: 18.96



February 25, 2013

Initiation Report

Stock Name: GLOTEC
Company Name: GLOBALTEC FORMATION BERHAD
Research House: NETRESEARCHPrice Call: HOLDTarget Price: 0.08



Flat Net Profit but Promising Outlook Ahead!

Stock Name: QL
Company Name: QL RESOURCES BHD
Research House: TAPrice Call: BUYTarget Price: 3.65



Huge Capex to Grow Domestic Retail & Foreign Business

Stock Name: PETDAG
Company Name: PETRONAS DAGANGAN BHD
Research House: TAPrice Call: SELLTarget Price: 20.00



Working Capital Intensifies

Stock Name: NESTLE
Company Name: NESTLE (M) BHD
Research House: TAPrice Call: SELLTarget Price: 61.79



Malaysian Genomics Resource Centre - 2QFY13 RESULTS - Dtect-ing weakness

Stock Name: MGRC
Company Name: MSIAN GENOMICS RES CENTRE BHD
Research House: CIMBPrice Call: SELLTarget Price: 0.21



3QFY13 Result Review - Seasonally Low

Stock Name: QL
Company Name: QL RESOURCES BHD
Research House: BIMBPrice Call: BUYTarget Price: 3.65



FY12 Results Within Expectations

Stock Name: ALLIANZ
Company Name: ALLIANZ MALAYSIA BHD
Research House: TAPrice Call: BUYTarget Price: 8.60



Robust sales growth in FY12

Stock Name: UOADEV
Company Name: UOA DEVELOPMENT BERHAD
Research House: MIDFPrice Call: BUYTarget Price: 2.07



Business as usual, pending increased capacity

Stock Name: NESTLE
Company Name: NESTLE (M) BHD
Research House: MIDFPrice Call: HOLDTarget Price: 59.52



Raw material costs may continue to challenge

Stock Name: MSM
Company Name: MSM MALAYSIA HOLDINGS BERHAD
Research House: MIDFPrice Call: HOLDTarget Price: 4.43



Improvement in operating efficiencies to be a key focus

Stock Name: HLBANK
Company Name: HONG LEONG BANK BHD
Research House: MIDFPrice Call: HOLDTarget Price: 15.00



No earnings surprise, FPSO jobs outlook still hazy

Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD
Research House: MIDFPrice Call: HOLDTarget Price: 3.56



Taking its pan-Asian carrier ambition further

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



4QFY12 Result Review - Growth Mode On

Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD
Research House: BIMBPrice Call: HOLDTarget Price: 3.76