July 25, 2014

PBBANK - 1HFY14 Results Within Expectations

Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
Research House: TAPrice Call: SELLTarget Price: 19.00



UNISEM - Recovery in Motion

Stock Name: UNISEM
Company Name: UNISEM (M) BHD
Research House: TAPrice Call: BUYTarget Price: 2.10



AIRPORT - Cost Escalation Post KLIA2 Opening

Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Research House: TAPrice Call: SELLTarget Price: 7.82



GADANG - More upsides seen

Stock Name: GADANG
Company Name: GADANG HOLDINGS BHD
Research House: JF APEXPrice Call: BUYTarget Price: 2.57



CIMB - Loan loss provisions may trend higher in subsequent quarters

Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Research House: MIDFPrice Call: HOLDTarget Price: 7.80



Daibochi - An interesting year ahead 2015

Stock Name: DAIBOCI
Company Name: DAIBOCHI PLASTIC & PACKAGING
Research House: MIDFPrice Call: HOLDTarget Price: 4.61



MRCB - Acquiring remaining stakes

Stock Name: MRCB
Company Name: MALAYSIAN RESOURCES CORP
Research House: MIDFPrice Call: BUYTarget Price: 2.16



Protasco - Fundamental intact

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



PBBANK - ROE likely to continue to trend lower moving forward

Stock Name: PBBANK
Company Name: PUBLIC BANK BHD
Research House: MIDFPrice Call: HOLDTarget Price: 19.60



Unisem - Positive momentum priced-in

Stock Name: UNISEM
Company Name: UNISEM (M) BHD
Research House: MIDFPrice Call: BUYTarget Price: 1.60



July 24, 2014

PANTECH - Slow start to the year

Stock Name: PANTECH
Company Name: PANTECH GROUP HOLDINGS BHD
Research House: JF APEXPrice Call: HOLDTarget Price: 1.14



CIMB - Acquires Finansa Asset Management

Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Research House: MIDFPrice Call: HOLDTarget Price: 7.80



DAIBOCHI - Strong topline growth from MNC clients

Stock Name: DAIBOCI
Company Name: DAIBOCHI PLASTIC & PACKAGING
Research House: MIDFPrice Call: HOLDTarget Price: 4.61



Westport - Boosted by strong growth in intra-Asia routes

Stock Name: WPRTS
Company Name: WESTPORTS HOLDINGS BERHAD
Research House: MIDFPrice Call: HOLDTarget Price: 2.95



July 23, 2014

BAT - “Ops Outlet” – Positive Impact on TIV

Stock Name: BAT
Company Name: BRITISH AMERICAN TOBACCO (M)
Research House: TAPrice Call: SELLTarget Price: 63.09



MAXIS - Disappointing Subscriber Traction & Service Revenue

Stock Name: MAXIS
Company Name: MAXIS BERHAD
Research House: TAPrice Call: SELLTarget Price: 7.34



WCT - New Contract Win After Long Drought

Stock Name: WCT
Company Name: WCT HOLDINGS BERHAD
Research House: TAPrice Call: HOLDTarget Price: 2.31



MAXIS - 2Q14: Lower non-service revenue

Stock Name: MAXIS
Company Name: MAXIS BERHAD
Research House: JF APEXPrice Call: HOLDTarget Price: 6.50



MAXIS - FY15 dividend likely to fall below 40 sen

Stock Name: MAXIS
Company Name: MAXIS BERHAD
Research House: MIDFPrice Call: HOLDTarget Price: 6.34



WCT Holdings - RM342m job from Petronas

Stock Name: WCT
Company Name: WCT HOLDINGS BERHAD
Research House: MIDFPrice Call: BUYTarget Price: 2.88



ZHULIAN - Another weak quarter...

Stock Name: ZHULIAN
Company Name: ZHULIAN CORPORATION BHD
Research House: ZJPrice Call: HOLDTarget Price: 2.62



July 22, 2014

Favelle Favco - Affordable exposure into OG services industry

Stock Name: FAVCO
Company Name: FAVELLE FAVCO BHD
Research House: MIDFPrice Call: HOLDTarget Price: 3.81



TA - Passenger Growth Moderated to 5.8% in 2Q14

Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Research House: TAPrice Call: SELLTarget Price: 8.09