Tuesday, August 2, 2011

RHBInvest Research Highlights 02nd August 2011


02nd August 2011
 
Top Story: KPJ – Expansion plans on course                                                                                        Outperform
Visit Note
¨       We are positive on KPJ's intentions to develop its existing network of hospitals into sub-specialist hospitals (or "Centres of Excellence") which would be equipped with specialised equipment and house medical specialists.
¨       New hospitals in the pipeline include: 1) 200-bed hospital in Bandar Baru Klang; 2) 250-bed new Sabah Medical Centre; 3) 120-bed hospital in Muar; 4) 120-bed hospital in Pasir Gudang; 5) 200-bed hospital in Tanjung Lumpur, Pahang; and 6) KPJ Perlis Specialist Hospital.
 
Corporate Highlights
 
Genting Bhd: Signed deal with consortium to buy Pan Malaysian Pools for RM2.1bn?                    Outperform
News Update
¨       It was reported in the Edge daily that Tanjong plc yesterday signed an agreement to sell its entire stake in Pan Malaysia Pools (PMP) for RM2.1bn to a consortium comprising Genting's Tan Sri Lim Kok Thay, Hong Leong Group's Tan Sri Quek Leng Chan, Lion group's Tan Sri William Cheng and Tan Sri Chua Ma Yu. The businessmen's bid includes plans to eventually list the NFO. Included in the winning bid is a charity element, whereby a portion of PMP's profits would be allocated to charitable causes, including schools.
 
RHBRI Top Picks
 
Stock
FV (RM/sh)
Stock
FV (RM/sh)
Stock
FV (RM/sh)
Stock
FV (RM/sh)
Maybank
10.60
Genting Msia
4.40
Dialog
3.97
Jaya Tiasa
10.75
 
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