Stock Name: QL
Company Name: QL RESOURCES BHD
Company Name: QL RESOURCES BHD
| Research House: JF APEX | Price Call: BUY | Target Price: 4.06 |
October 4, 2013
FN - Doubling dairy exports by 2018
Stock Name: F&N
Company Name: FRASER & NEAVE HOLDINGS BHD
Company Name: FRASER & NEAVE HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 19.60 |
October 3, 2013
IOICORP - Strengthening Plantation Foothold in Sabah
Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Company Name: IOI CORPORATION BHD
| Research House: JF APEX | Price Call: BUY | Target Price: 6.57 |
IOICORP - Buying UDP
Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Company Name: IOI CORPORATION BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 5.67 |
AEON - Partial sale and leaseback of AEON Taman Universiti
Stock Name: AEON
Company Name: AEON CO. (M) BHD
Company Name: AEON CO. (M) BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 14.02 |
IOICORP - Winning the Fight for Unico-Desa
Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Company Name: IOI CORPORATION BHD
| Research House: TA | Price Call: HOLD | Target Price: 6.07 |
October 2, 2013
Acquires 1,352 acres freehold land in Pasir Gudang
Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Company Name: MAH SING GROUP BHD
| Research House: TA | Price Call: BUY | Target Price: 2.73 |
Mah Sing - Embarking on a new township development in Johor
Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Company Name: MAH SING GROUP BHD
| Research House: MIDF | Price Call: BUY | Target Price: 2.62 |
Update Report
Stock Name: TECNIC
Company Name: TECNIC GROUP BERHAD
Company Name: TECNIC GROUP BERHAD
| Research House: NETRESEARCH | Price Call: BUY | Target Price: 3.70 |
HSL - First job in 2H13
Stock Name: HSL
Company Name: HOCK SENG LEE BHD
Company Name: HOCK SENG LEE BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 1.80 |
Tan Chong - Termination of SYM motorcycle distributorship in Laos
Stock Name: TCHONG
Company Name: TAN CHONG MOTOR HOLDINGS BHD
Company Name: TAN CHONG MOTOR HOLDINGS BHD
| Research House: MIDF | Price Call: BUY | Target Price: 7.70 |
Favelle Favco rises on offshore crane orders
Stock Name: FAVCO
Company Name: FAVELLE FAVCO BHD
Favelle Favco Bhd's (FFB) share price rose 10 sen or 3.75 per cent to RM2.77 as at 10.16 am, boosted by purchase orders for
supply of offshore cranes for a combined value of RM109 million it has received.
A total of 101,900 shares exchanged hands.
RHB Research said the purchase orders have lifted FFB's year-to-date (YTD) new orders to RM607.4 million and have boosted its orderbook to RM936.3 million.
"We make no changes to our Financial Year 2013-2014 earnings per share forecast as the bulk of the orders are only expected to be delivered by 2015.
"The only risk to our forecast is a higher-than-expected tax rate of 20 per cent in Financial Year 2013-2014 after the expiration of its pioneer tax status," the research house said in a note today.
The research firm maintained a "buy" call on FFB's shares, with a fair value of RM3.55, as earnings growth remain robust, backed by a strong orderbook and earnings visibility in the Financial Year 2015.-- Bernama
Company Name: FAVELLE FAVCO BHD
| Research House: RHB | Price Call: BUY | Target Price: 3.55 |
Favelle Favco Bhd's (FFB) share price rose 10 sen or 3.75 per cent to RM2.77 as at 10.16 am, boosted by purchase orders for
supply of offshore cranes for a combined value of RM109 million it has received.
A total of 101,900 shares exchanged hands.
RHB Research said the purchase orders have lifted FFB's year-to-date (YTD) new orders to RM607.4 million and have boosted its orderbook to RM936.3 million.
"We make no changes to our Financial Year 2013-2014 earnings per share forecast as the bulk of the orders are only expected to be delivered by 2015.
"The only risk to our forecast is a higher-than-expected tax rate of 20 per cent in Financial Year 2013-2014 after the expiration of its pioneer tax status," the research house said in a note today.
The research firm maintained a "buy" call on FFB's shares, with a fair value of RM3.55, as earnings growth remain robust, backed by a strong orderbook and earnings visibility in the Financial Year 2015.-- Bernama
October 1, 2013
SapuraKencana - Boost from acquired Seadrill tender rigs
Stock Name: SKPETRO
Company Name: SAPURAKENCANA PETROLEUM BHD
Company Name: SAPURAKENCANA PETROLEUM BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.86 |
September 30, 2013
Kim Loong Resources - 2QFY14: Below expectations
Stock Name: KMLOONG
Company Name: KIM LOONG RESOURCES BHD
Company Name: KIM LOONG RESOURCES BHD
| Research House: ALLIANCE | Price Call: HOLD | Target Price: 2.22 |
MMHE - Second major win for the year
Stock Name: MHB
Company Name: MALAYSIA MARINE AND HEAVY ENG
Company Name: MALAYSIA MARINE AND HEAVY ENG
| Research House: MIDF | Price Call: HOLD | Target Price: 3.76 |
BIMB - All the positives have been priced in
Stock Name: BIMB
Company Name: BIMB HOLDINGS BHD
Company Name: BIMB HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 4.40 |
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