Bursa Malaysia Stock Watch
RHBInvest Research Highlights 17th November 2011
kltrader
Publish date: Thu, 17 Nov 2011, 09:36 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.
17th November 2011
Top Story: Taking Stock ' Hope and fear, momentum and value
Market Update
'' Recently, key markets have been moving up, in direct contrast to the underlying economic turmoil affecting the EU. Rather than try to predict which direction the market will swing, we have taken a bottom-up and two-pronged approach to identify stocks that are interesting from momentum and value perspectives.
Corporate Highlights
TH Plantation: Charting the path for long-term growth Outperform
Briefing Note
'' KPI target for FY11 is to achieve an FFB yield of 22t/ha, or FFB production growth of 6.9% yoy. However, management believes that growth could surpass that to reach double-digits of 10-12%, given the still strong production numbers seen in Oct and Nov so far. Up to 9MFY11, THP achieved FFB production growth of 7.6% yoy, higher than our projected 5.4%. Given the positive outlook, we are now raising our FFB yield assumptions, resulting in a production growth of 10% yoy (from 5.4%) for FY11, while our FY12-13 projections have also been revised to 5% (from 7%) and 15% (from 17%), respectively.
Dialog: In-line for 1QFY12 Outperform
1QFY12 Results
'' 3MFY12 net profit of RM44.5m was largely within expectations, accounting for 21.5% of our (RM206.8m) and 22.6% of consensus (RM197.1m) estimates.
AMMB: Dialing down expectations Underperform
2QFY12 Results
'' 2Q net profit fell 16% qoq, but this was within our and consensus expectations.
AFG: 1H headline net profit strong, but unlikely to be sustained Underperform
2QFY12 Results
'' AFG reported 2QFY03/12 net profit of RM121m (+18.3% yoy; -6.6% qoq). This brought 1H net profit to RM251m (+18% yoy), which was 54-54.5% of our and consensus full-year estimates.
Amway: 3Q revenues boosted by seasonal factor and increased sales from marketing Outperform
3QFY11 Results
'' 9MFY12/11 net profit of RM65.1 (+8.5% yoy) was in line with our and consensus estimates, accounting for 73% and 74% of our and consensus earnings forecasts respectively.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
2024-07-24
ABMB2024-07-23
ABMB2024-07-23
AMBANK2024-07-23
AMBANK2024-07-23
DIALOG2024-07-22
ABMB2024-07-22
DIALOG
2024-07-19
AMBANK2024-07-18
ABMB2024-07-18
ABMB2024-07-18
AMBANK2024-07-18
DIALOG2024-07-17
ABMB2024-07-17
ABMB2024-07-16
AMBANK2024-07-16
DIALOG2024-07-16
DIALOG2024-07-16
DIALOG2024-07-16
DIALOG2024-07-16
DIALOG2024-07-15
ABMBMore 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
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....
