30th January 2012
| Top Story | |
| Shifting Trends – Corporate Survey Market Update - From our visits, briefings and conference calls with companies in Jan, half appeared to be optimistic about their outlook, and only a handful was neutral-to-negative. - Consumer, education and REIT companies remained resilient amidst the global economic downturn, and we note the signs of optimism for rubber gloves, technology and oil & gas sectors. | |
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| Corporate Highlights | |
| Public Bank – Expecting a strong end to FY11 Outperform Results Preview - Public Bank will announce its 4QFY11 results at midday today. Our full-year net profit estimate of RM3.5bn (+1% vs. consensus) implies that 4Q11 net profit could be down by 3.5% qoq but up 2.5% yoy. That said, we would not be too surprised if the actual results turn out slightly ahead of our and consensus estimates. Historically, 4Q tends to be a stronger quarter for the group. | |
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| Axiata – No Surprises For XL's 4Q Market Perform Company Update - Axiata's 67%-subsidiary, XL Axiata (XL) full year FY11 core net profit of Rp3,167bn (+4.7%) came in within our and consensus full-year estimates. | |
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