Bursa Malaysia Stock Watch

RHBInvest Research Highlights 3rd November 2011

kltrader
Publish date: Thu, 03 Nov 2011, 11:01 AM
kltrader
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3rd November 2011
 
Top Story : AirAsia ' 9MFY12/11 results to trail consensus    Underperform (down from MP)
Results Preview
-          We expect AirAsia's 9MFY12/11 results to meet our forecast but trail the market expectations. 
 
 
Corporate Highlights
 
Unisem : Weak 4Q ahead                                                                      Underperform
Briefing Note
-          Unisem expects revenue to decline 8-10% amidst the softening demand for electronics stemming from the slowdown in global economy. Nevertheless, despite the anticipation of a drop in revenue, Unisem still expects 4Q earnings to improve from the previous quarter on the back of cost-cutting measures.
 
 
Mah Sing : Adding a "Thai" flavour into Icon City                                  Market Perform (up from UP)
News Update
-          Mah Sing entered into a MOU with Central Pattana Public Company Ltd to study the potential investment of developing and managing a shopping mall in Icon City through a JV and/or partnership. The MOU takes effect on 2 Nov and is valid until formal agreements are entered into within six months time with an automatic extension of three months.
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