Bursa Malaysia Stock Watch

RHBInvest Research Highlights 20th October 2011

kltrader
Publish date: Thu, 20 Oct 2011, 05:36 PM
kltrader
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20th October 2011
 
Top Story: First Resources ' Beneficiary of Indonesian export tax policy change.
                         
Outperform
 
Visit Note
  • Production targets of 15% for FY11 and 10-15% for FY12-13%
  • Impact of Indonesian export tax and update on refinery operations
  • FY11 production costs to be about US$225-250/tonne
  • Planting targets maintained ' 15,000ha for CPO and 5,000-8,000ha for rubber
  • Higher FY12 capex guidance
 
Regional
 
Bank Central Asia : A premium too high             
                                                                   
Underperform
 
Results Preview ( Indonesia )
  • We expect BCA to report robust 3Q11earnings and look for 3Q11 pre-tax and net earnings of IDR3, 345bn and IDR2, 642bn respectively


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