21st September 2011
Top Story: Petronas Gas ' Dividend payout assured despite cash outflow Market Perform
Visit Note
'' Management echoed market expectations that gas supply should return to normal once the bypass from the damaged Bekok-C platform is completed by end-Sep.
Sector Call
Motor: On the rebound Neutral
Sector Update
MBM Resources: Fair value maintained at RM3.25 Market Perform
Tan Chong: Fair value maintained at RM5.50 Outperform
DRB-HICOM: Fair value maintained at RM2.95 Outperform
UMW: Fair value maintained at RM7.35 Market Perform
APM: Fair value maintained at RM5.10 Market Perform
Proton: Fair value maintained at RM2.50 Underperform
Corporate Highlights
Evergreen Fibreboard: Diversifying into solid timber Underperform
News Update
'' Evergreen has entered into a share subscription agreement with Craft Master Timber Products S/B (CMTP), Lau Yng Yng and Lim Sock Ling to subscribe for 7,012,500 new ordinary shares in CMTP (equivalent to 51% stake) for RM7m cash. CMTP is a newly-incorporated company to carry out the business in manufacturing of solid wooden furniture parts and finger jointing.