Stock Name: TOPGLOV
Company Name: TOP GLOVE CORPORATION BHD
Company Name: TOP GLOVE CORPORATION BHD
| Research House: MIDF | Price Call: BUY | Target Price: 6.05 |
April 5, 2013
April 4, 2013
First Land Acquisition in 2013
Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Company Name: MAH SING GROUP BHD
| Research House: TA | Price Call: BUY | Target Price: 2.70 |
First land acquisition in 2013
Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Company Name: MAH SING GROUP BHD
| Research House: MIDF | Price Call: BUY | Target Price: 2.56 |
Affin raises Hai-O to 'buy'
Stock Name: HAIO
Company Name: HAI-O ENTERPRISE BHD
Affin Investment Bank raised its call on Hai-O Enterprise Bhd to 'buy' from 'add', citing a bright growth outlook and strong demand for the marketing firm's products.
Affin said it also raised its target price on the shares of Hai-O to RM2.98 per share from RM2.55 on valuation.
"We understand that management has developed a successful operating strategy for its multi-level marketing division, and is currently experiencing strong rebound in membership growth," Affin said.
The research house also lifted its earnings per share forecast on Hai-O by 2-2.6 per cent for the financial years between 2013 and 2015 citing the company's new membership growth of 16 per cent and on expectations of a stronger sales performance.
"We reckon that Hai-O is a generous company and rewards its shareholders by paying out dividends of at least 50 per cent of its net profit," Affin added.
As of 10.17am, Hai-O's shares inched down 0.4 per cent against the benchmark stock index's 0.2 per cent loss.-- Reuters
Company Name: HAI-O ENTERPRISE BHD
| Research House: AFFIN | Price Call: BUY | Target Price: 2.98 |
Affin Investment Bank raised its call on Hai-O Enterprise Bhd to 'buy' from 'add', citing a bright growth outlook and strong demand for the marketing firm's products.
Affin said it also raised its target price on the shares of Hai-O to RM2.98 per share from RM2.55 on valuation.
"We understand that management has developed a successful operating strategy for its multi-level marketing division, and is currently experiencing strong rebound in membership growth," Affin said.
The research house also lifted its earnings per share forecast on Hai-O by 2-2.6 per cent for the financial years between 2013 and 2015 citing the company's new membership growth of 16 per cent and on expectations of a stronger sales performance.
"We reckon that Hai-O is a generous company and rewards its shareholders by paying out dividends of at least 50 per cent of its net profit," Affin added.
As of 10.17am, Hai-O's shares inched down 0.4 per cent against the benchmark stock index's 0.2 per cent loss.-- Reuters
April 3, 2013
Expanding Healthcare Business in Indonesia
Stock Name: BSTEAD
Company Name: BOUSTEAD HOLDINGS BHD
Company Name: BOUSTEAD HOLDINGS BHD
| Research House: TA | Price Call: BUY | Target Price: 5.83 |
Parkson - Corporate Update
Stock Name: PARKSON
Company Name: PARKSON HOLDINGS BHD
Company Name: PARKSON HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 4.50 |
March 29, 2013
4QFY13: A tough year
Stock Name: KMLOONG
Company Name: KIM LOONG RESOURCES BHD
Company Name: KIM LOONG RESOURCES BHD
| Research House: ALLIANCE | Price Call: SELL | Target Price: 1.73 |
Kenanga raises Yinson target price
Stock Name: YINSON
Company Name: YINSON HOLDINGS BHD
Kenanga Research raised its target price on Yinson Holdings Bhd to RM2.86 per share from RM2.71 previously after the construction-to-shipping services firm's net profit for the full year ended January 31, 2013 (FY2013) beat estimates by both the research house and the market.
The research house, in a note on Friday, lifted its FY2014 and FY2015 net profit outlook to RM55.8 million and RM79.9 million respectively, mainly due to the stronger-than-expected performance in FY2013.
"In the long run, we are positive on the company as its growth trajectory is accelerating," Kenanga said. "The company is looking to kick-start its FSO (floating, storage and offloading) operations in early FY2014 and FPSO (floating, production, storage and offloading) operations in FY2015."
As of 10.15am, the counter remained unchanged at RM2.54 per share, while the benchmark stock index was down 0.06 per cent.-- Reuters
Company Name: YINSON HOLDINGS BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 2.86 |
Kenanga Research raised its target price on Yinson Holdings Bhd to RM2.86 per share from RM2.71 previously after the construction-to-shipping services firm's net profit for the full year ended January 31, 2013 (FY2013) beat estimates by both the research house and the market.
The research house, in a note on Friday, lifted its FY2014 and FY2015 net profit outlook to RM55.8 million and RM79.9 million respectively, mainly due to the stronger-than-expected performance in FY2013.
"In the long run, we are positive on the company as its growth trajectory is accelerating," Kenanga said. "The company is looking to kick-start its FSO (floating, storage and offloading) operations in early FY2014 and FPSO (floating, production, storage and offloading) operations in FY2015."
As of 10.15am, the counter remained unchanged at RM2.54 per share, while the benchmark stock index was down 0.06 per cent.-- Reuters
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