Bursa Malaysia Stock Watch

RHBInvest Research Highlights 21st September 2011

kltrader
Publish date: Wed, 21 Sep 2011, 11:37 AM
kltrader
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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.

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