Bursa Malaysia Stock Watch

RHBInvest Research Highlights 30th January 2012

kltrader
Publish date: Mon, 30 Jan 2012, 09:40 AM
kltrader
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30th January 2012
 
Top Story
Shifting Trends ' Corporate Survey
Market Update
-          From our visits, briefings and conference calls with companies in Jan, half appeared to be optimistic about their outlook, and only a handful was neutral-to-negative.
-          Consumer, education and REIT companies remained resilient amidst the global economic downturn, and we note the signs of optimism for rubber gloves, technology and oil & gas sectors.
 
Corporate Highlights
Public Bank ' Expecting a strong end to FY11                                                             Outperform
Results Preview
-          Public Bank will announce its 4QFY11 results at midday today. Our full-year net profit estimate of RM3.5bn (+1% vs. consensus) implies that 4Q11 net profit could be down by 3.5% qoq but up 2.5% yoy. That said, we would not be too surprised if the actual results turn out slightly ahead of our and consensus estimates. Historically, 4Q tends to be a stronger quarter for the group.
 
 
Axiata ' No Surprises For XL's 4Q                                                                          Market Perform
Company Update
-          Axiata's 67%-subsidiary, XL Axiata (XL) full year FY11 core net profit of Rp3,167bn (+4.7%) came in within our and consensus full-year estimates.
 


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