Bursa Malaysia Stock Watch
RHBInvest Research Highlights 11th November 2011
kltrader
Publish date: Fri, 11 Nov 2011, 11:19 AM
kltrader
0 20,407
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.
11th November 2011
Top Story: Plantation ' Rising risks of higher CPO prices Overweight
Sector Update
'' Malaysia's CPO production rose by a slight 2.1% mom in Oct, while exports rose by a larger 19% mom. As a result of the smaller mom increase in production vis-''-vis exports, closing CPO stock levels fell by 1.6% mom to 2.1m tonnes in Oct (from 2.13m tonnes in Sep). We believe the continued strength in production numbers in Oct may indicate that monthly production in Malaysia may not necessarily grow from hereon for the rest of the year.
Corporate Highlights
CI Holdings: RM4.60 special dividend and RM0.50 capital repayment proposed Trading Buy
News Update
'' CIH announced that they intend to increase the total amount of cash dividend to RM724.2m (RM5.10/share), from RM568m (RM4/share) previously. This cash dividend will be implemented through a special dividend of RM4.60/share, and a capital repayment of RM0.50/share. The special dividend would be paid out by end-2011, while the capital reduction is expected to be completed in the 1H2012.
Eversendai: 3QFY12/11 net profit declines 22% qoq on high base in preceding quarter Outperform
3QFY11 Results
'' 9MFY12/11 net profit came in within our expectations at 76% of our full-year forecast but trailed market expectations at only 70% of the full-year market consensus.
'' Eversendai's earnings visibility is strong underpinned by RM1.8bn outstanding orderbook at present (including RM823m worth of new jobs secured YTD) and a strong likelihood of it securing another RM500-600m worth of new jobs by the end of the year.
Century Logistics: Challenging outlook in the 4Q Market Perform
3QFY11 Results / Briefing Note
'' 9MFY12 net profit of RM24.1m accounted for 75% of our and consensus full-year estimate.
'' However, we understand that the Johor Port Authority had ordered several floating storage units (FSUs) operating in Pasir Gudang to depart. This is mainly to improve the access routes in the area which has been earmarked for two major projects including the new Petronas RAPID oil & gas project in Pengerang.
MBM Resources: Unfavourable forex trends hit associate contributions Underperform
3QFY11 Results
'' MBM's 3Q11 results disappointed, coming in below our and consensus estimates. 3Q net profit rose 67.3% qoq and 3.3% yoy, taking 9M11 earnings to RM94.8m (-16.1% yoy) or 71% of FY11 estimate.
'' The main reason for the deviation was weaker-than-expected associate contributions arising from unfavourable JPY exchange rates that squeezed profit margins.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More 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
BFM Podcast
2
3
Koon Yew Yin's Blog
5
CGS-CIMB Research
Genting Plantations - Proposed Land Acquisition in Indonesia
6
save malaysia!
8
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....
