August 10, 2012

2Q/FY12 results - generally below expectations. Maintain Hold Call.

Stock Name: CENTURY
Company Name: CENTURY LOGISTICS HOLDINGS BHD
Research House: MERCURYPrice Call: HOLDTarget Price: 1.90



2QFY12 Results Report

Stock Name: GWPLAST
Company Name: GW PLASTICS HLDG BHD
Research House: NETRESEARCHPrice Call: BUYTarget Price: 0.84



Of Sales & Margin

Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Research House: TAPrice Call: HOLDTarget Price: 4.50



Most Risks Have Largely Priced In

Stock Name: UNISEM
Company Name: UNISEM (M) BHD
Research House: TAPrice Call: BUYTarget Price: 1.68



No more negative surprise, compelling valuation

Stock Name: FABER
Company Name: FABER GROUP BHD
Research House: MIDFPrice Call: BUYTarget Price: 1.71



Earnings dragged by STS operations

Stock Name: CENTURY
Company Name: CENTURY LOGISTICS HOLDINGS BHD
Research House: MIDFPrice Call: HOLDTarget Price: 1.72



Robust vehicle sales

Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Research House: MIDFPrice Call: BUYTarget Price: 4.53



Sliding market share

Stock Name: JTINTER
Company Name: JT INTERNATIONAL BHD
Research House: MIDFPrice Call: HOLDTarget Price: 6.80



Unisem - Improvement in earnings to continue

Stock Name: UNISEM
Company Name: UNISEM (M) BHD
Research House: MIDFPrice Call: BUYTarget Price: 1.57



Mild Seven Growing Market Share

Stock Name: JTINTER
Company Name: JT INTERNATIONAL BHD
Research House: TAPrice Call: SELLTarget Price: 7.10