Thursday, October 11, 2012

Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap

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Visit Note Given the upcoming completion of the 2nd Penang Bridge in Sept 2013 and the establishment of industrial parks, Tambun Indah (TI...

Media - Hoping For A Seasonally Strong Finish (Neutral)

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Sector Update The latest figures from Nielsen suggest that the sector still lacks catalysts. According to Nielsen’s figures, Aug’s gross a...

Banking - Heavyweights To Deliver (Overweight)

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Sector update The call on the sector remains a macro call, given that banks are often viewed as proxies to the economy. We think the secto...

Plantation – Share Prices Not Reflecting CPO Price Movement – Is A Correction Coming? (Neutral)

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Sector Update Malaysia's CPO production jumped 20.4% mom in Sep, higher-than-consensus expectations of 18-19%, and 2011's 12% mom ...
Tuesday, October 9, 2012

Latexx Partner: M(ission)&A(ccomplished)

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Rubber Gloves Solid interest in glove players. Takeover offers for Latexx Partner and Adventa at 12-13x forward PERs are much higher than th...

Prai power plant bid to be known today

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Malaysia Power Sector Local media reported that the Energy Commission will announce the winner of the 1,000 to 1,4000MW Prai combined cycl...
Friday, October 5, 2012

Property - A Game Between Risk And Return (Neutral)

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Some recovery but fundamentals still not supportive for a re-rating. While a few positive indicators could have prompted us to upgrade the s...
Thursday, October 4, 2012

RHB Research - Market Outlook & Strategy 4Q2012

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Stormier Outlook; Equity Still Stands Up Against Alternative Asset Classes We are of the view that it could still be a choppy few months f...
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Tuesday, October 2, 2012

Banking - Non-Household Loans Flat MoM

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Loan growth tapers off. Annualized loan growth for Jan-Aug 2012 tapered off for the second month running to 11.4% from 12.7% in Jan-June an...
Monday, October 1, 2012

Banking - Aug ‘12 System Data –Loan Growth And Leading Indicators Moderated Further

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Aug ‘12 system loan growth moderated to +12.3% yoy (+0.6% mom), as compared to Jul ’12: +13% yoy (+0.5% mom). As highlighted in our report l...

Banking - Loan growth intact but applications and approvals moderated

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Loans grew 0.6% m-o-m; 12.4% y-o-y in Aug-12 (Jul-12: 0.5% m-o-m; 12.9% y-o-y) bringing YTD-Aug loan growth to 7.6%. The business sector con...
Wednesday, September 26, 2012

Guan Chong Berhad - Sweet Like Chocolate

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Current valuations are undemanding, trading at 7.2x FY12 and 6.5x FY13 PER vs an average PER of 12x for the small/mid-cap consumer sector...