Bursa Malaysia Stock Watch
RHBInvest Research Highlights 10th October 2011
kltrader
Publish date: Mon, 10 Oct 2011, 07:21 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.
10th October 2011
Top Story: 2012 Budget ' Strengthening foundation for longer-term growth
Strategy Update (published 7 Oct 2011)
'' The focus of the 2012 Budget appears to be on strengthening the foundation of the economy for longer-term growth with greater emphasis on the services sector and the development of quality human resources. There are however, no substantial measures that will likely excite equity investors in the immediate term, in our view.
'' Although the market had been fearful of a severe revision to the RPGT, the actual measure was kinder. There were also no duty hikes for tobacco and brewery. On a more positive note, the retail sub-sector will likely benefit from the civil servants' pay adjustment and bonus payment.
Corporate Highlights
WCT: "Oktoberfest" of new contracts? Market Perform
Visit Note
'' WCT reiterated its guidance of RM2bn worth of new contracts in FY12/11, despite having only secured RM187m YTD.
'' Specifically, WCT spoke about "a large shopping mall near the Abu Dhabi F1 Circuit", "highways in Oman ", "government offices in Qatar " and a new RM300m MITI building.
TNB: More fuel oil needed Underperform
News Update
'' According to Reuters citing traders last Friday, TNB issued a tender seeking 100k tonnes of Nov delivery fuel oil after buying similar volumes for this month. We view the news negatively, as it signals the gas supply disruption will likely remain prolonged, thus further negatively impacting FY12 earnings.
'' We had previously highlighted that the gas supply bypass for Petronas' Bekok C field was unlikely to meet the end-Sep target.
KNM: Peterborough project delayed Underperform
News Update
'' Last week, KNM announced that it had been prompted by its client that the financial close of its UK Peterborough contract (worth RM2.2bn) has been delayed to Dec. As such, the company believes it will be unable to meet its guided FY11 revenue and EBITDA earnings of RM2.2bn and RM270m respectively.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
2024-07-25
TENAGA2024-07-25
TENAGA2024-07-25
TENAGA2024-07-25
TENAGA2024-07-25
TENAGA2024-07-25
TENAGA2024-07-25
TENAGA
2024-07-25
WCT2024-07-24
TENAGA2024-07-24
TENAGA2024-07-23
TENAGA2024-07-23
TENAGA2024-07-22
TENAGA2024-07-22
TENAGA2024-07-19
TENAGA2024-07-19
TENAGA2024-07-19
TENAGA2024-07-18
TENAGA2024-07-18
TENAGA2024-07-18
TENAGA2024-07-18
TENAGA2024-07-18
WCT2024-07-18
WCT2024-07-17
TENAGA2024-07-17
TENAGA2024-07-17
TENAGA2024-07-17
TENAGA2024-07-17
TENAGA2024-07-16
TENAGA2024-07-16
TENAGA2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-16
WCT2024-07-15
KNM2024-07-15
KNM2024-07-15
TENAGA2024-07-15
TENAGA2024-07-15
TENAGA2024-07-15
TENAGA2024-07-15
TENAGAMore 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
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....
