Bursa Malaysia Stock Watch

RHBInvest Research Highlights 28th December 2011

kltrader
Publish date: Wed, 28 Dec 2011, 04:13 PM
kltrader
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28th December 2011
 
Top Story
 
Motor Sector ' An Uphill Climb                                                    Underweight
Sector Update
''       The more cautious outlook and slowing economy in 2012 will likely see households and businesses alike reassess spending on big-ticket items.
''       We expect total industry volumes (TIV) to remain relatively flat at 607,000 units in 2012 (2011E: 604,000).
''       We see some selective supply constraints of certain models continuing into 1Q12 arising from the flooding in Thailand , with Honda the most severely affected.
 
Corporate Highlights
WCT ' A Second Property Venture In Vietnam                            Market Perform
News Update
''       WCT, via a 70:30 JV with a local partner, has obtained the Investment Certificate (IC) from the Vietnamese government to undertake a residential/commercial development on a 11.5-acre land in Binh Hung Commune, Binh Chanh District, HCMC, Vietnam . 
''       This is WCT's second property venture in Vietnam .  We estimate it to boast a GDV of about RM500m. Maintain Market Perform.  Fair value is RM2.08.


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