Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 13.15 |
April 12, 2013
Rights structure not attractive to minorities
Stock Name: MAS
Company Name: MALAYSIAN AIRLINE SYSTEM BHD
Company Name: MALAYSIAN AIRLINE SYSTEM BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 0.78 |
April 11, 2013
Secured Naga-4 drilling rig contract worth RM478m
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 13.15 |
Nomura raises target price for Axiata
Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Nomura Equity Research raised its target price on Axiata Group Bhd to RM7.60 from RM7.10 as it expects the telecom company's operations in Indonesia, XL Axiata, to turn around next year.
XL is expected to contribute positively when it completes a US$4 billion network ramp-up, which has raised costs and shrunk profit margins.
Nomura said the investment was "critical" for XL to transition into data, although competition may be more intense with new players coming into the fray.
Nomura maintained a 'buy' call on the Axiata stock, which has gained nearly four per cent in the past month.
The stock was up 0.15 per cent at RM6.67 at 10.27am, while the benchmark index rose 0.37 per cent. -- Reuters
Company Name: AXIATA GROUP BERHAD
| Research House: NOMURA | Price Call: BUY | Target Price: 7.10 |
Nomura Equity Research raised its target price on Axiata Group Bhd to RM7.60 from RM7.10 as it expects the telecom company's operations in Indonesia, XL Axiata, to turn around next year.
XL is expected to contribute positively when it completes a US$4 billion network ramp-up, which has raised costs and shrunk profit margins.
Nomura said the investment was "critical" for XL to transition into data, although competition may be more intense with new players coming into the fray.
Nomura maintained a 'buy' call on the Axiata stock, which has gained nearly four per cent in the past month.
The stock was up 0.15 per cent at RM6.67 at 10.27am, while the benchmark index rose 0.37 per cent. -- Reuters
April 10, 2013
Rich Valuation
Stock Name: CRESNDO
Company Name: CRESCENDO CORPORATION BHD
Company Name: CRESCENDO CORPORATION BHD
| Research House: TA | Price Call: SELL | Target Price: 2.23 |
Alliance maintains 'neutral' on telco sector
Stock Name: DIGI
Company Name: DIGI.COM BHD
Alliance Research remains 'neutral' on the telecommunications sector given its valuation is not cheap vis-a-vis regional peers.
In a note today it said for the first quarter of this year, Malaysian telcos have largely underperformed the benckmark FTSE Bursa Malaysia KLCI.
"The share performances for Axiata (+0.2 per cent) and Maxis (-0.6 per cent) were relatively in line with the -0.1 per cent decline in the benchmark index but Digi and TM suffered double-digit decline of 12 per cent and 10.8 per cent,
respectively," it added.
Ahead of the 13th general election, it believes investors would be increasingly more cautious as the polling date draws nearer, making the defensive telco sector a good choice for investors to hide from political risks.
"Nonetheless, we like Digi (Trading Buy, with a target price of RM4.95), as we believe it is defensive during the pre-election period and offers potential upside post-election from the passing on of six per cent service tax and capital management initiatives," it said it a note today.
Meanwhile, Kenanga Research reiterates its 'overweight' call on the telecommunications sector while maintaining the telco companies' financial year 2013-2014 earnings estimates.
It said Maxis yesterday introduced its iPhone 5 4G-long-term evolution (LTE) services that operate at 1.8GHz instead of the official 2.6GHz spectrum band assigned by the Malaysian Communication and Multimedia Commission in December.
"We are positive on this latest industry development given the 1.8GHz spectrum could provide wider LTE coverage as well as better indoor signal strength," it said, adding TM, with a target price (TP) of RM6.25, remains its top pick in the sector.
"We also reiterate our 'outperform' calls on Maxis (TP: RM6.75); Digi (TP: RM5.30) and Redtone (TP: RM0.56) while maintaining our market perform rating on Axiata (TP: RM6.60)," it added.-- Bernama
Company Name: DIGI.COM BHD
| Research House: ALLIANCE | Price Call: TRADING BUY | Target Price: 4.95 |
Alliance Research remains 'neutral' on the telecommunications sector given its valuation is not cheap vis-a-vis regional peers.
In a note today it said for the first quarter of this year, Malaysian telcos have largely underperformed the benckmark FTSE Bursa Malaysia KLCI.
"The share performances for Axiata (+0.2 per cent) and Maxis (-0.6 per cent) were relatively in line with the -0.1 per cent decline in the benchmark index but Digi and TM suffered double-digit decline of 12 per cent and 10.8 per cent,
respectively," it added.
Ahead of the 13th general election, it believes investors would be increasingly more cautious as the polling date draws nearer, making the defensive telco sector a good choice for investors to hide from political risks.
"Nonetheless, we like Digi (Trading Buy, with a target price of RM4.95), as we believe it is defensive during the pre-election period and offers potential upside post-election from the passing on of six per cent service tax and capital management initiatives," it said it a note today.
Meanwhile, Kenanga Research reiterates its 'overweight' call on the telecommunications sector while maintaining the telco companies' financial year 2013-2014 earnings estimates.
It said Maxis yesterday introduced its iPhone 5 4G-long-term evolution (LTE) services that operate at 1.8GHz instead of the official 2.6GHz spectrum band assigned by the Malaysian Communication and Multimedia Commission in December.
"We are positive on this latest industry development given the 1.8GHz spectrum could provide wider LTE coverage as well as better indoor signal strength," it said, adding TM, with a target price (TP) of RM6.25, remains its top pick in the sector.
"We also reiterate our 'outperform' calls on Maxis (TP: RM6.75); Digi (TP: RM5.30) and Redtone (TP: RM0.56) while maintaining our market perform rating on Axiata (TP: RM6.60)," it added.-- Bernama
April 9, 2013
All deck-ed out
Stock Name: ALAM
Company Name: ALAM MARITIM RESOURCES BHD
Company Name: ALAM MARITIM RESOURCES BHD
| Research House: CIMB | Price Call: BUY | Target Price: 1.53 |
4QFY13 likely to be an improved quarter
Stock Name: AMBANK
Company Name: AMMB HOLDINGS BHD
Company Name: AMMB HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 6.90 |
Yet another diversification
Stock Name: NEXTNAT
Company Name: NEXTNATION COMMUNICATION BHD
Company Name: NEXTNATION COMMUNICATION BHD
| Research House: TA | Price Call: SELL | Target Price: 0.08 |
April 8, 2013
Preserving leadership at the top
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 |
Getting Into Better Shape
Stock Name: MHB
Company Name: MALAYSIA MARINE AND HEAVY ENG
Company Name: MALAYSIA MARINE AND HEAVY ENG
| Research House: MIDF | Price Call: BUY | Target Price: 4.75 |
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