Bursa Malaysia Stock Watch
RHBInvest Research Highlights 31st January 2012
kltrader
Publish date: Tue, 31 Jan 2012, 09:36 AM
kltrader
0 20,638
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.
31st January 2012
| Top Story |
| Wah Seong ' A Quiet 2012? Market Perform Visit Note - We met up with Wah Seong's management recently and came away positive on: 1) news that the domestic pipe-coating contracts are picking up; 2) the progress with the Insituform JV; and 3) the ongoing endeavour to segregate the two core business, with the aim for better operational focus. - However, our concerns are: 1) the uncertainty of the domestic pipe-coating contract awards; and 2) the lack of a large international project to anchor earnings for 2012. |
| Sector Update |
| Motor ' Storm In A Teacup Neutral (Upgraded) Sector Update DRB-HICOM ' Fair value raised to RM3.45 Outperform (Upgraded) UMW ' Fair value at RM6.20 Underperform - Recent media reports suggest that banks are considering measures to tighten HP lending, including restricting buyers to a maximum of two car loans at any one time reducing the margin of financing for the second HP loan (65-70%) and also for loans for "luxury" makes (50%). - We understand that there is no official directive from Bank Negara (BNM). In our opinion, the possible measures are not likely to have a significant impact on auto sales given that the majority of HP borrowers have only one car loan. |
| Corporate Highlights |
| Public Bank ' Results in line but dividend slightly disappointing Outperform Results / Briefing Note - Public Bank's 4Q11 results were in line with our and consensus estimates but the interim net DPS of 28 sen declared was below our expected 31.5 sen. Full-year net payout was 48.3% was below our 52.5% assumption, which we suspect was partly to conserve capital as BNM has yet to announce its stand on the countercyclical buffer. |
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
2024-11-19
DRBHCOM2024-11-19
PBBANK2024-11-19
PBBANK2024-11-19
PBBANK2024-11-18
DRBHCOM2024-11-18
PBBANK2024-11-18
PBBANK2024-11-18
PBBANK2024-11-18
WASCO2024-11-18
WASCO
2024-11-15
DRBHCOM2024-11-15
PBBANK2024-11-15
PBBANK2024-11-14
DRBHCOM2024-11-14
PBBANK2024-11-14
WASCO2024-11-14
WASCO2024-11-13
PBBANK2024-11-12
DRBHCOM2024-11-12
PBBANK2024-11-11
DRBHCOM2024-11-11
PBBANK2024-11-11
PBBANKMore 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
2
BFM Podcast
3
BFM Podcast
5
BFM Podcast
6
Good Articles to Share
China’s chip advances stall as US curbs hit Huawei AI product
7
BFM Podcast
8
BFM Podcast
#
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....
