September 6, 2012

Wind of Change

Stock Name: TENAGA
Company Name: TENAGA NASIONAL BHD
Research House: TAPrice Call: BUYTarget Price: 8.32



September 5, 2012

Time dotCom a 'buy' says HLIB Research

Stock Name: TIMECOM
Company Name: TIME DOTCOM BHD
Research House: HLGPrice Call: BUYTarget Price: 4.12



Time dotCom Bhd's (TdC) share rose four sen to RM3.40 as at 11.45 am today on news that it has invested RM100 million to
create the TIME Fibre 100 megabits per second (mbps) Home Broadband.

Its Chief Executive Officer Afzal Abdul Rahim said TIME's 100 per cent fibre optic network would reach some 100,000 homes in the Klang Valley and Penang.

HLIB Research said: "We're slightly positive with TdC's approach in enlarging its presence in the consumer segment by offering undeniably the fastest fibre broadband in the market."

"Enticing the market with this new product will improve asset utilisation rate and hence the return on asset.

"We believe this product will be very appealing to high-end heavy duty users, especially existing Astro over-the-air subscribers," it said in a research note.

The research house said compared to TM's UniFi VIP20 bundle (package with highest speed at 20 megabytes per second, the monthly fee is RM70 cheaper and switchers would enjoy RM1,180 savings (after deducting RM500 termination cost) over the two-year contract period.

"This product is also better in monetising the data trend and upholding fair usage policy by imposing 100 gigabyte load quota, sufficient to accommodate normal usage while deterring bandwidth hoggers," it added.

HLIB Research reiterates "buy" call on TdC's shares with an unchanged RM4.12 target price. -- Bernama

2Q2012 results review

Stock Name: TRC
Company Name: TRC SYNERGY BHD
Research House: NETRESEARCHPrice Call: BUYTarget Price: 0.80



September 4, 2012

NPC Resources Bhd RR 2Q FY2012

Stock Name: NPC
Company Name: NPC RESOURCES BHD
Research House: WILSON & YORKPrice Call: HOLDTarget Price: 2.80



4QFYJun2012 results review

Stock Name: MALTON
Company Name: MALTON BHD
Research House: NETRESEARCHPrice Call: HOLDTarget Price: 0.60



Domestic consumption to drive growth

Stock Name: NESTLE
Company Name: NESTLE (M) BHD
Research House: TAPrice Call: SELLTarget Price: 59.73



Plans in the pipeline

Stock Name: NESTLE
Company Name: NESTLE (M) BHD
Research House: MIDFPrice Call: HOLDTarget Price: 59.52



FY12 sees earnings on the decline

Stock Name: IOICORP
Company Name: IOI CORPORATION BHD
Research House: ALLIANCEPrice Call: HOLDTarget Price: 5.19



HwangDBS keeps 'hold' call on Parkson

Stock Name: PARKSON
Company Name: PARKSON HOLDINGS BHD
Research House: HWANGDBSPrice Call: HOLDTarget Price: 4.90



Parkson Holdings Bhd's (PHB) share price rose one sen to RM4.68 as at 12.16pm today, on news that it has acquired six hectares of land in Melaka for RM98 million.

The company said the proposed acquisition is expected to be completed by December this year and plans to develop a shopping mall on the land.

HwangDBS Vickers Research has maintained a "hold" call on PHB's shares with a target price of RM4.90.

It said it does not expect this new acquisition to impact PHB's earnings in the near term as it will take time for PHB to construct the shopping mall.

"Overall, we view this deal positively as it jives with management's long-term objective of building and owning its portfolio of investment properties and eventually setting up a retail REIT," HwangDBS said in its research note today.
-- Bernama

August 31, 2012