Bursa Malaysia Stock Watch
RHBInvest Research Highlights 25th October 2011
kltrader
Publish date: Tue, 25 Oct 2011, 10:23 AM
kltrader
0 20,638
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.
25th October 2011
Top Story: Carlsberg ' Positive TIV Outlook For FY12 Although Margins Likely Weaker Outperform
Visit Note
'' Management was pleased that the Government decided to not raise excise duties for beer during the tabling of the 2012 Budget. Although, similar to the tobacco industry, management highlighted that there is nothing to stop the Government from raising the excise duties off budget.
Sector Call
Banking: Roundup of recent bank visits Underweight
Sector update
'' We recently visited Maybank, Public Bank and AMMB, as well as attended a small group meeting held by CIMB. We sense caution with respect to the outlook ahead with words and phrases such as "challenging", "uncertain", "lack of visibility" being used to describe the outlook for 2012.
Corporate Highlights
Genting Malaysia : Buys Genting World Card companies from Genting Singapore Outperform
News Update
'' Genting Malaysia (GM) has entered into two sale and purchase agreements to acquire two companies (E-Genting S/B and Ascend International Holdings Ltd) for a total cash consideration of RM50m (RM48m for E-Genting and RM2m for Ascend) from Genting Singapore's (GS) subsidiaries. E-Genting's principal activities comprise the provision of management services, services related to information technology and investment holding, which includes Genting WorldCard Services Sdn Bhd, the provider of Genting's loyalty programme management service. Ascend is principally engaged in investment holding and the provision of services related to IT and marketing through its sole subsidiary in China , but has minimal operations.
Daibochi: Machinery problems resolved Market Perform
Briefing Note
'' Daibochi explained that the machinery breakdown during the last month of 3QFY11 was due to the quality of resins from a supplier. During the production process, there was evidence of tear and gaps found in the cast films produced. This prompted management to inspect the machinery which involved cleaning the internal parts and this took several days to complete. It was found that the low quality of resins had also caused damage to the pumps. To add to the bad luck, spare parts were unable to be sourced locally and thus had to be imported. All in this caused a temporary halt in production which lasted about a month.
Digi: Data and festivities contribute to bumper quarter Outperform
3QFY11 Results / Briefing Note
'' DiGi's 9MFY11 net profit of RM860.2m (+1.7% yoy) came in above our but in line with consensus expectations, accounting for 84% and 75% of full-year estimates respectively.
CIMB: CIMB Niaga 3Q11 results ' Bracing for slower loan growth ahead Underperform
Company update
'' CIMB Niaga reported 3Q11 net profit of IDR832bn (+25% yoy; +1.7% qoq), bringing 9MFY11 net profit to IDR2,379bn (+32.5% yoy).
Regional
Bank Central Asia : Above Expectations Underperform
3Q11 Results
'' BCA's 3Q11 results beat our and consensus estimates.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
2024-11-20
CDB2024-11-20
GENM2024-11-19
CDB2024-11-19
CDB2024-11-19
CDB2024-11-19
CDB2024-11-19
CDB2024-11-19
CDB
2024-11-19
CDB2024-11-19
CDB2024-11-19
CDB2024-11-19
CDB2024-11-19
CIMB2024-11-19
CIMB2024-11-19
CIMB2024-11-19
CIMB2024-11-19
CIMB2024-11-19
CIMB2024-11-18
CDB2024-11-18
CDB2024-11-18
CIMB2024-11-18
CIMB2024-11-18
CIMB2024-11-18
SCIPACK2024-11-15
CIMB2024-11-15
CIMB2024-11-15
CIMB2024-11-15
CIMB2024-11-15
CIMB2024-11-15
SCIPACK2024-11-14
CARLSBG2024-11-14
CARLSBG2024-11-14
CARLSBG2024-11-13
CDB2024-11-13
CDB2024-11-13
CIMB2024-11-13
CIMB2024-11-13
CIMB2024-11-13
CIMB2024-11-13
CIMB2024-11-13
GENM2024-11-12
CARLSBG2024-11-12
CARLSBG2024-11-12
CDB2024-11-12
CDB2024-11-12
CIMB2024-11-12
CIMB2024-11-12
CIMB2024-11-12
GENM2024-11-11
CARLSBG2024-11-11
CARLSBG2024-11-11
CARLSBG2024-11-11
CARLSBG2024-11-11
CARLSBG2024-11-11
CDB2024-11-11
CDB2024-11-11
CIMB2024-11-11
CIMBMore 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
2
BFM Podcast
4
BFM Podcast
5
BFM Podcast
6
BFM Podcast
7
BFM Podcast
8
Good Articles to Share
China’s chip advances stall as US curbs hit Huawei AI product
#
Stock
Score
Daily Stocks
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....
