Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Stock Name: TCHONG
Company Name: TAN CHONG MOTOR HOLDINGS BHD
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Stock Name: APM
Company Name: APM AUTOMOTIVE HOLDINGS BHD
Stock Name: PROTON
Company Name: PROTON HOLDINGS BHD
Stock Name: DRBHCOM
Company Name: DRB-HICOM BHD
Source: RHB Research - 5 April 2012
Company Name: MBM RESOURCES BHD
| Research House: RHB | Price Call: BUY | Target Price: 5.05 |
Stock Name: TCHONG
Company Name: TAN CHONG MOTOR HOLDINGS BHD
| Research House: RHB | Price Call: HOLD | Target Price: 4.20 |
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
| Research House: RHB | Price Call: HOLD | Target Price: 7.30 |
Stock Name: APM
Company Name: APM AUTOMOTIVE HOLDINGS BHD
| Research House: RHB | Price Call: HOLD | Target Price: 4.50 |
Stock Name: PROTON
Company Name: PROTON HOLDINGS BHD
| Research House: RHB | Price Call: HOLD | Target Price: 5.50 |
Stock Name: DRBHCOM
Company Name: DRB-HICOM BHD
| Research House: RHB | Price Call: BUY | Target Price: 3.45 |
Motor ' Awaiting NAP v3.0 Neutral
Sector Update
MBM Resources ' Fair value RM5.05 Outperform
Tan Chong ' Fair value RM4.20 Market Perform
UMW ' Fair value RM7.30 Market Perform
APM ' Fair value RM4.50 Market Perform
Proton ' Fair value RM5.50 Market Perform
DRB-HICOM ' Fair value RM3.45 Outperform
- The auto industry made a shaky start to 2012 with total industry volume (TIV) in Jan declining 14.7% and 25.2% mom and yoy respectively. The softer sales were attributed to seasonal factors given the earlier than usual Lunar New Year holidays, the more stringent financing guidelines implemented by Bank Negara Malaysia (BNM) and the lingering effects of component supply disruption arising from the floods in Thailand .
Source: RHB Research - 5 April 2012
No comments:
Post a Comment