10th November 2011
Top Story: TRC Synergy – Going all-out for MRT, bullish on Brunei Outperform
Visit Note
¨ TRC intends to bid for all 18 above-ground work packages of the Sg Buloh – Kajang Line of the Klang Valley MRT project.
Corporate Highlights
Lafarge: Competition heats up in the domestic market Underperform
Visit Note
¨ Lafarge estimates domestic cement demand to grow by 6-8% in 2011 and 3-5% in 2012, underpinned by key on-going large-scale infrastructure projects.
MPI: Subdued outlook Underperform
Briefing Note
¨ MPI did not give guidance for 2QFY06/12 this time around but indicated that outlook visibility remains poor and it is witnessing softening demand for chips.
Hektar REIT: Attractive yield that has yet to be discovered Outperform
Briefing Note
¨ Subang Parade's new tenancies are enhancing the topline growth. The tenant remixing exercise, as well as the additional 9k sqft of NLA from the Market Place, led to Subang Parade's average rental increasing by about 30% year-to-date.
SEGi: No surprises Outperform
3QFY11 Results
¨ 3Q11 net profit was within expectations. A dividend of 10 sen per share was declared.
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