December 3, 2012

9M12 in-line but margin narrowed

Stock Name: TM
Company Name: TELEKOM MALAYSIA BHD
Research House: TAPrice Call: HOLDTarget Price: 5.94



OSK ups Axiata 2013 earnings forecast by 3pc

Stock Name: AXIATA
Company Name: AXIATA GROUP BERHAD
Research House: OSKPrice Call: BUYTarget Price: 6.62



KUALA LUMPUR: OSK Research Sdn Bhd has lifted Axiata Group Bhd's 2013 financial year earnings forecast by three per cent, given its relatively good third quarter results for the 2012 financial year.

It said the earnings estimates for the 2012 financial year, however, was revised down by one per cent.

The group registered revenue and earnings before interest, taxes,
depreciation and amortisation growth of nine per cent and five per cent, respectively, for the nine-months ended Sept 30, 2012, surpassing earlier projections of 7.2 per cent and 4.5 per cent.

"Celcom continued to outflank Maxis and DiGi, reaffirming the success of its customer segmentation strategy in Malaysia, a major marketing lynchpin.

"After coming behind Maxis and DiGi for the past five years, it has since claimed the top spot in the youth segment and continues to make inroads into the mid-urban and suburban areas," it said in a research note.

OSK Research upgraded its call on the stock to a "buy" at a revised fair value of RM6.62. -- BERNAMA

No muddy waters here

Stock Name: ALAM
Company Name: ALAM MARITIM RESOURCES BHD
Research House: CIMBPrice Call: BUYTarget Price: 1.42



More potential from HSBB regardless of the service provider

Stock Name: TM
Company Name: TELEKOM MALAYSIA BHD
Research House: MIDFPrice Call: BUYTarget Price: 6.75



Pure planter to be

Stock Name: KULIM
Company Name: KULIM (M) BHD
Research House: MIDFPrice Call: HOLDTarget Price: 4.87



Loss quarter due to impairment loss on receivables

Stock Name: KINSTEL
Company Name: KINSTEEL BHD
Research House: MIDFPrice Call: HOLDTarget Price: 0.39



Earnings dragged by subdued CPO prices

Stock Name: FGV
Company Name: FELDA GLOBAL VENTURES HLDG BHD
Research House: MIDFPrice Call: BUYTarget Price: 5.27



First venture into O&G sector

Stock Name: SENDAI
Company Name: EVERSENDAI CORPORATION BERHAD
Research House: MIDFPrice Call: BUYTarget Price: 2.08



10% private placement to fund new rig

Stock Name: PERISAI
Company Name: PERISAI PETROLEUM TEKNOLOGI
Research House: TAPrice Call: BUYTarget Price: 1.39



3QFY12 Results Report

Stock Name: TRIUMPL
Company Name: TRIUMPHAL ASSOCIATES BHD
Research House: NETRESEARCHPrice Call: BUYTarget Price: 1.30