Bursa Malaysia Stock Watch
RHBInvest Research Highlights 23rd September 2011
kltrader
Publish date: Fri, 23 Sep 2011, 12:44 PM
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 September 2011
Top Story: MAHB ' EU troubles to affect venture in Turkey Outperform
Visit Note
'' The continued weakness in European economies stemming from the debt crisis, we believe, will eventually take a toll on the performance of MAHB's 20%-owned Sabiha Gokcen International Airport (SGIA) in Turkey . Already, we note that SGIA's total passenger traffic in Aug 2011 only grew 1.4% on yoy basis which suggests that demand for air traveling has already begun to slack.
Corporate Highlights
Faber: Good news and bad news Market Perform (down from OP)
Company Update
'' We have heard that the three concessionaires, including Faber Medi-Serve, Pantai Medivest and Radicare, have been asked to submit a Request For Proposal (RFP) for renewal of their concessions. This is good news as there have been concerns that the concessions, which expire on 28 Oct, would not be renewed.
WCT: RM530m BOT concession for "integrated complex" at KLIA2 signed Market Perform (up from UP)
Briefing Note
'' WCT, via a 70:30 JV with Malaysia Airports, has formally signed a 25+10 year BOT concession for "Integrated Complex" at KLIA2 with a shopping mall boasting a net lettable area of 350k sq ft.
Glomac: Valuations supported by yields Underperform
Briefing Note
'' The recent disposal of Glomac's 49% equity stake in a Thai warehouse operation is expected to yield a gross gain of RM9m. The gain will be recognised in 2QFY12 as the transaction will be completed in Sep.
Eversendai: Secures RM371m new jobs in India and the Middle East Outperform
News Update
'' Eversendai has bagged three key jobs in India and Middle East worth a total of RM371m comprising: 1) Shell and core works worth RM272.4m for the Worli Mixed Use development in Mumbai, India; 2) Structural steel works worth RM39.4m for the Qatar Faculty of Islamic Studies in Doha, Qatar; and 3) Structural steel works worth RM58.7m for Salalah Airport expansion in Oman.
SapuraCrest: Buying two new pipelay barges Market Perform
News Update
'' The company has contracted for two pipelay cum heavylift offshore construction vessels worth US$227m (RM681m) from Cosco Nantong Shipyard. The vessels are expected to be delivered within 26-28 months whilst the purchase will be funded via a combination of internal and external funding.
SP Setia: Sales started weakening Underperform (down from MP)
3QFY11 Results
'' 3QFY11 core net profit of RM91.2m (+57.2% yoy; +46.6% qoq) came in above our expectation but in line with market consensus.
__,_._,___
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
2024-07-25
SENDAI2024-07-25
SPSETIA2024-07-25
SPSETIA2024-07-25
SPSETIA2024-07-25
SPSETIA2024-07-25
SPSETIA2024-07-25
WCT2024-07-24
EDGENTA2024-07-24
SPSETIA2024-07-24
SPSETIA2024-07-23
AIRPORT2024-07-23
AIRPORT2024-07-23
AIRPORT2024-07-23
AIRPORT2024-07-23
AIRPORT2024-07-23
AIRPORT2024-07-23
AIRPORT
2024-07-23
SENDAI2024-07-23
SENDAI2024-07-23
SENDAI2024-07-23
SENDAI2024-07-23
SPSETIA2024-07-23
SPSETIA2024-07-23
SPSETIA2024-07-23
SPSETIA2024-07-22
AIRPORT2024-07-22
SENDAI2024-07-22
SPSETIA2024-07-22
SPSETIA2024-07-22
SPSETIA2024-07-19
AIRPORT2024-07-19
EDGENTA2024-07-19
EDGENTA2024-07-19
EDGENTA2024-07-19
SPSETIA2024-07-19
SPSETIA2024-07-19
SPSETIA2024-07-18
SPSETIA2024-07-18
WCT2024-07-18
WCT2024-07-17
AIRPORT2024-07-17
AIRPORT2024-07-17
AIRPORT2024-07-17
AIRPORT2024-07-17
SPSETIA2024-07-17
SPSETIA2024-07-17
SPSETIA2024-07-16
AIRPORT2024-07-16
SPSETIA2024-07-16
SPSETIA2024-07-16
SPSETIA2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-15
SPSETIA2024-07-15
SPSETIAMore articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
BFM Podcast
2
3
4
CGS-CIMB Research
Genting Plantations - Proposed Land Acquisition in Indonesia
5
Koon Yew Yin's Blog
6
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
