Bursa Malaysia Stock Watch

RHBInvest Research Highlights 06 September 2011

kltrader
Publish date: Tue, 06 Sep 2011, 12:06 PM
kltrader
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06th September 2011
 
Top Story: Telecoms: 2QCY11 report card                                             Overweight          
Sector Update                                                                           
''       Results of the telco stocks under coverage came in within expectations, except for Axiata which disappointed due to stronger RM and lower-than-expected numbers from Celcom.
 
Corporate Highlights
 
Lingui: Slower quarters ahead before reconstruction starts                  Outperform
Briefing Note
''       Current ASP for Lingui's hardwood logs has dropped to US$180/m3 (slightly higher than expected) recently amid supply normalisation due to better weather conditions. Lingui expects that its hardwood log prices will go back to above US$200/m3 by 4QCY11, which we believe could be due to potentially higher downstream demand from plywood mills and the seasonally low production period in Sarawak .

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