Bursa Malaysia Stock Watch

RHBInvest Research Highlights 23rd August 2011

kltrader
Publish date: Tue, 23 Aug 2011, 10:25 AM
kltrader
0 20,411
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
23rd August 2011
 
Top Story: KLK ' Production to peak earlier than expected?                                      Underperform
Visit Note
''       Six key points: 1) Production to peak by Aug/Sep? Lowering FY11 FFB production growth target; 2) CPO prices expected to trend south, no buyers for forward sales; 3) Production costs to rise by maximum of 8% in FY09/12; 4) New planting targets lowered; 5) New MES plant started commercial operations, but not running at full utilisation yet; and 6) Sold food ester associate Esterol in Jul for RM234.7m.
 
Corporate Highlights
 
Tan Chong: New model launches on track                                                                      Outperform
Company Update
''       We recently met with Tan Chong's management and below are the key takeaways.
''       Tan Chong's product planners have a busy year ahead with launches of up to 12 new models and facelifts in the pipeline.
 
Eversendai: Life goes on despite the stock market rout                                                Outperform
Briefing Note
''       The company is on track to meet its IPO net profit forecasts of RM116.7m and RM130.2m in FY12/11-12 and FY12/11 new orderbook guidance of RM1.4bn.
 
Corporate Results
 
Maybank: A strong finish to the financial year                                                                  Outperform
2QFY11 Results / Briefing Note
''       Maybank's 4Q results were within our and consensus expectations.
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment