Bursa Malaysia Stock Watch

RHBInvest Research Highlights 13th October 2011

kltrader
Publish date: Thu, 13 Oct 2011, 10:16 AM
kltrader
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13th October 2011
 
Top Story: KFC ' Earnings outlook not dampened by gloomy economic conditions                       Outperform
Visit Note
''       Management estimates that for KFCH's Indian operations to breakeven, it would need approximately 30-35 outlets, which we believe would be achieved by mid- to end-2013. KFCH currently has 10 outlets in India , which is expected to grow to 15-17 outlets by end FY11, in line with our estimates. KFCH is targeting to have 25 stores in India by end-2012, which means 8-10 more new outlets to be opened in 2012.
 
Regional Coverage
 
Indonesia Banks: Recessionary risks not fully priced in           Neutral
Sector Update ( Indonesia )
Bank Rakyat Indonesia :  Fair value IDR6,300                          Market Perform
Bank Mandiri:  Fair value IDR6,500                                             Market Perform
Bank Central Asia :  Fair value IDR6,100                                    Underperform
Bank Danamon:  Fair value IDR4,700                                         Market Perform



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