Bursa Malaysia Stock Watch

RHBInvest Research Highlights 06th October 2011

kltrader
Publish date: Thu, 06 Oct 2011, 10:16 AM
kltrader
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06th October 2011
 
Top Story: Plantation ' Looking for a "safe haven"                  Overweight (up from N)
Sector Update
''       We believe one sector that would hold up relatively better during times of economic uncertainty would be the plantation sector. While we acknowledge that commodity prices are likely to come under pressure during this period amidst the strengthening US$, we have already imputed this risk into our CPO price forecasts of RM3,100/tonne for 2011 (YTD RM3,400/t) and RM2,900/t for 2012
 
Corporate Highlights
 
Mah Sing: Strategic switch to affordable housing                       Underperform
News Update
''       Mah Sing announced that it has entered into an agreement to acquire 100% of Semai Meranti for RM92m. Semai Meranti is the owner of 225.7m acres of freehold development land in Rawang. Land cost of RM9.36 psf is reasonable for a large tract of residential land in a suburb 30-40km away from KL city.
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