June 3, 2014

AllianceDBS cuts Star's earnings forecast

Stock Name: STAR
Company Name: STAR PUBLICATIONS (M) BHD
Research House: ALLIANCEPrice Call: HOLDTarget Price: 2.55



KUALA LUMPUR: AllianceDBS Research has cut its earnings forecast on Star Publications (M) Bhd's financial year 2014-2016 by five to seven per cent, but maintains its 'hold' recommendation with a higher target price of RM2.55.
"Star will likely scale down its Sarawak operations by the third quarter of this year as it is loss-making and the circulation figures are not meaningful.
"Management estimates annual cost savings of between RM5 million and RM6 million.
"Contrary to previous guidance, Star is reviewing its voluntary separation scheme exercise and does not have plans to reduce headcount further for now," the research firm said in a note.
AllianceDBS said it believes Star intends to leverage on its wide English content as a source of growth beyond its print business, as demonstrated by its recent collaboration with Bloomberg TV Malaysia to provide business content.
Management has also highlighted several potential collaboration opportunities in the future such as in-train advertising with MRT, and as content provider for new free-to-air (FTA) TV channels after the digital TV migration.
For its events division, Star looks to increase the frequency of existing events in 2014 and plans to organise new thematic events in 2015.
Star's shares were flat at RM2.64 as at 10.54am.-- Bernama

Protasco - Awarded road works job

Stock Name: PRTASCO
Company Name: PROTASCO BHD
Research House: MIDFPrice Call: BUYTarget Price: 2.90



Star - Returning to normalcy in 2Q14

Stock Name: STAR
Company Name: STAR PUBLICATIONS (M) BHD
Research House: MIDFPrice Call: HOLDTarget Price: 2.50



STAR - Drawing up digital roadmap

Stock Name: STAR
Company Name: STAR PUBLICATIONS (M) BHD
Research House: TAPrice Call: SELLTarget Price: 2.49



June 2, 2014

KIANJOO - Stifled by Higher Than Expected Costs

Stock Name: KIANJOO
Company Name: KIAN JOO CAN FACTORY BHD
Research House: TAPrice Call: BUYTarget Price: 3.83



LITRAK - Saved by low taxation

Stock Name: LITRAK
Company Name: LINGKARAN TRANS KOTA HOLDINGS
Research House: TAPrice Call: HOLDTarget Price: 4.18



YTLPOWR - Bags Track 4A

Stock Name: YTLPOWR
Company Name: YTL POWER INTERNATIONAL BHD
Research House: TAPrice Call: BUYTarget Price: 2.15



KINSTEEL - Net worth erodes further with wider losses

Stock Name: KINSTEL
Company Name: KINSTEEL BHD
Research House: MIDFPrice Call: SELLTarget Price: 0.09



Litrak - A steady cash flow generator

Stock Name: LITRAK
Company Name: LINGKARAN TRANS KOTA HOLDINGS
Research House: MIDFPrice Call: BUYTarget Price: 4.56



Panasonic - Highest revenue ever

Stock Name: PANAMY
Company Name: PANASONIC MANUFACTURING MSIA
Research House: MIDFPrice Call: BUYTarget Price: 24.43



Cocoaland Holdings Bhd RR 1Q FY 2014

Stock Name: COCOLND
Company Name: COCOALAND HOLDINGS BHD
Research House: WILSON & YORKPrice Call: HOLDTarget Price: 2.18



NPC Resources Bhd RR 1Q FY 2014

Stock Name: NPC
Company Name: NPC RESOURCES BHD
Research House: WILSON & YORKPrice Call: HOLDTarget Price: 2.60



PPB Group Bhd RR 1Q FY 2014

Stock Name: PPB
Company Name: PPB GROUP BHD
Research House: WILSON & YORKPrice Call: HOLDTarget Price: 16.88