Stock Name: TOPGLOV
Company Name: TOP GLOVE CORPORATION BHD
Company Name: TOP GLOVE CORPORATION BHD
| Research House: MIDF | Price Call: BUY | Target Price: 6.05 |
March 15, 2013
Price hardly reflects fundamentals
Stock Name: CMSB
Company Name: CAHYA MATA SARAWAK BHD
Company Name: CAHYA MATA SARAWAK BHD
| Research House: MIDF | Price Call: BUY | Target Price: 6.86 |
NJOI-ing more subscribers and higher ARPU
Stock Name: ASTRO
Company Name: ASTRO MALAYSIA HOLDINGS BERHAD
Company Name: ASTRO MALAYSIA HOLDINGS BERHAD
| Research House: MIDF | Price Call: BUY | Target Price: 3.40 |
March 14, 2013
Affin upgrades Genting to 'buy'
Stock Name: GENTING
Company Name: GENTING BHD
Affin Investment Bank upgraded Genting Bhd to 'buy' from 'reduce', saying it sees an emerging catalyst following the power-to-gaming group's plan to expand into Las Vegas.
"The emerging earnings growth driver will now drive share price performance, we opine," Affin said in a research note on Thursday.
The research house raised its target price on Genting to RM11.60 per share from RM8.75. It also raised its fair value on Genting Singapore PLC's to S$1.50 per share from S$1.20.
"Consistent with our initial assessment, we are positive on Resorts World Las Vegas as regulatory risk is low; infrastructure is well placed to support tourism trajectory; and importantly, recovery in gross gaming revenue is accompanied by a higher VIP (Very Important Person) baccarat mix and foreign visitation to Las Vegas," Affin said.
Genting on March 5 said it would purchase an unfinished resort on the Las Vegas strip from Boyd Gaming Corp for US$350 million, marking its first push into the US gambling hub.
As of 9.17am, the stock was down 0.51 per cent at RM9.75 per share. Since March 5, when the announcement was made, Genting shares have dropped 1 per cent.
The benchmark stock index fell 0.49 per cent.-- Reuters
Company Name: GENTING BHD
| Research House: AFFIN | Price Call: BUY | Target Price: 11.60 |
Affin Investment Bank upgraded Genting Bhd to 'buy' from 'reduce', saying it sees an emerging catalyst following the power-to-gaming group's plan to expand into Las Vegas.
"The emerging earnings growth driver will now drive share price performance, we opine," Affin said in a research note on Thursday.
The research house raised its target price on Genting to RM11.60 per share from RM8.75. It also raised its fair value on Genting Singapore PLC's to S$1.50 per share from S$1.20.
"Consistent with our initial assessment, we are positive on Resorts World Las Vegas as regulatory risk is low; infrastructure is well placed to support tourism trajectory; and importantly, recovery in gross gaming revenue is accompanied by a higher VIP (Very Important Person) baccarat mix and foreign visitation to Las Vegas," Affin said.
Genting on March 5 said it would purchase an unfinished resort on the Las Vegas strip from Boyd Gaming Corp for US$350 million, marking its first push into the US gambling hub.
As of 9.17am, the stock was down 0.51 per cent at RM9.75 per share. Since March 5, when the announcement was made, Genting shares have dropped 1 per cent.
The benchmark stock index fell 0.49 per cent.-- Reuters
Power - Shortlisted 3000MW New Coal-Fired Power Plant
Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Company Name: TENAGA NASIONAL BHD
| Research House: MIDF | Price Call: BUY | Target Price: 8.20 |
March 13, 2013
One Draw Lesser in 3QFY13
Stock Name: BJTOTO
Company Name: BERJAYA SPORTS TOTO BHD
Company Name: BERJAYA SPORTS TOTO BHD
| Research House: TA | Price Call: BUY | Target Price: 5.05 |
March 12, 2013
Capital ratios and net profit (PATAMI) expected to improve post disposal
Stock Name: AFG
Company Name: ALLIANCE FINANCIAL GROUP BHD
Company Name: ALLIANCE FINANCIAL GROUP BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.50 |
MIDF raises Sunway target price
Stock Name: SUNWAY
Company Name: SUNWAY BERHAD
MIDF Research raised its target price on Sunway Bhd to RM3.50 per share from RM2.96 after the construction and property group secured a RM452.5 million contract to build a bus rapid transit line in Bandar Sunway.
"We are reducing the discount as we believe sentiment towards Sunway is improving," the research house said in a note on Tuesday. It maintained a 'buy' rating on the stock.
MIDF said the RM452.5 million project will benefit Sunway even though the company has to additionally and separately contribute works estimated at a cost of RM99 million as part of its continuous corporate social responsibility initiative.
"The property segment will benefit as one of the stations is located at Sunway South Quay, an ongoing project in Sunway City," MIDF said.
"Apart from that, other segments like property investment, leisure (Sunway Lagoon Theme Park) and education (Monash University) will also benefit from enhanced connectivity," it added.
As of 10.01am, the shares were unchanged at RM2.76, while the benchmark stock index rose 0.01 per cent.-- Reuters
Company Name: SUNWAY BERHAD
| Research House: MIDF | Price Call: BUY | Target Price: 3.50 |
MIDF Research raised its target price on Sunway Bhd to RM3.50 per share from RM2.96 after the construction and property group secured a RM452.5 million contract to build a bus rapid transit line in Bandar Sunway.
"We are reducing the discount as we believe sentiment towards Sunway is improving," the research house said in a note on Tuesday. It maintained a 'buy' rating on the stock.
MIDF said the RM452.5 million project will benefit Sunway even though the company has to additionally and separately contribute works estimated at a cost of RM99 million as part of its continuous corporate social responsibility initiative.
"The property segment will benefit as one of the stations is located at Sunway South Quay, an ongoing project in Sunway City," MIDF said.
"Apart from that, other segments like property investment, leisure (Sunway Lagoon Theme Park) and education (Monash University) will also benefit from enhanced connectivity," it added.
As of 10.01am, the shares were unchanged at RM2.76, while the benchmark stock index rose 0.01 per cent.-- Reuters
March 11, 2013
Organic growth seen - planning new revenue generators
Stock Name: GASMSIA
Company Name: GAS MALAYSIA BERHAD
Company Name: GAS MALAYSIA BERHAD
| Research House: MIDF | Price Call: BUY | Target Price: 3.11 |
Revised Rights Issue to Raise More Capital
Stock Name: NEXTNAT
Company Name: NEXTNATION COMMUNICATION BHD
Company Name: NEXTNATION COMMUNICATION BHD
| Research House: TA | Price Call: SELL | Target Price: 0.08 |
3Q/FY13 results - losses within expectations. Maintain Sell Call.
Stock Name: DATAPRP
Company Name: DATAPREP HOLDINGS BHD
Company Name: DATAPREP HOLDINGS BHD
| Research House: MERCURY | Price Call: SELL | Target Price: 0.20 |
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