Fundamentals remain solid

Stock Name: MAYBANK
Company Name: MALAYAN BANKING BHD

Research House: MIDF

Price Call: BUY

Target Price: 10.00

OSK maintains 'buy' call on Wing Tai

OSK Research has maintained its 'buy' call on Wing Tai Malaysia Bhd with a target price of RM2.06.

Over the years, Wing Tai has successfully transformed itself from a garment manufacturer to an established property developer and an apparel retailing group.

"We like Wing Tai for its ability to tap into its parent company's extensive networks in Malaysia, Singapore, Hong Kong and China," OSK Research said in a research note today.

OSK Research said the company also has a reputation as a premier modern property developer in Kuala Lumpur and Penang, and tremendous growth potential in its apparel retailing, especially Uniqlo, one of Japan's top fashion wear brands. -- Bernama

Regionlisation, ROE on Track

Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD

Research House: TA

Price Call: HOLD

Target Price: 8.60

Boosting Productivity

Stock Name: SIME
Company Name: SIME DARBY BHD

Research House: TA

Price Call: BUY

Target Price: 11.46

Buying landlord’s building

Stock Name: LIONIND
Company Name: LION INDUSTRIES CORPORATION

Research House: MIDF

Price Call: HOLD

Target Price: 1.18

Five more mediocre-sized jobs

Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD

Research House: MIDF

Price Call: HOLD

Target Price: 3.64

The Return of the Monopoly in Pay TV

Stock Name: ASTRO
Company Name: ASTRO MALAYSIA HOLDINGS BERHAD

Research House: TA

Price Call: SELL

Target Price: 3.53

UEM Land rises on Iskandar deal

Shares of Malaysian builder UEM Land Holdings Bhd gained nearly 8 per cent after the company announced a joint venture with Singapore government-linked firm Ascendas on a US$1.2 billion
project.

The stock rose 7.8 per cent to reach an intraday high of RM2.09 today, after announcing it will partner with Ascendas to develop a 519-acre site within the economic region of Iskandar.

Hong Leong Investment Bank Research said the share movement was highly news-driven and maintained its 'hold' rating on the stock.

The brokerage said the stock had the highest valuation in the sector, which could be vulnerable to an external slowdown. It retained its target price for UEM at RM2.04. - Reuters

HwangDBS keeps 'hold' call on MAHB

HwangDBS Vickers Research has increased Malaysia Airports Holdings Bhd's (MAHB) forecast for 2012-2014 financial years(FY) by 4.1 per cent to five per cent after imputing lower interest payments and higher contribution from associates.

"The group will no longer recognise losses for Sabiha Gokcen International Airport (SGIA) as the losses have surpassed the group's initial investment cost," it said in a research note today.

The airport operator has also recognised RM22 million earnings contribution from its Maldives airport year-to-date, the research house said.

HwangDBS Vickers has maintained a "hold" call on MAHB but increased the target price to RM6.20 from RM6.05 previously -- BERNAMA

Unlocking potential of Gerbang Nusajaya

Stock Name: UEMLAND
Company Name: UEM LAND HOLDINGS BHD

Research House: MIDF

Price Call: BUY

Target Price: 2.46