Bursa Malaysia Stock Watch
Media: Maintain Neutral - Jun 2012 Adex: Football Fever Flowover
kltrader
Publish date: Fri, 27 Jul 2012, 09:51 AM
kltrader
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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.
Welcome change but still Neutral. Jun 2012 total gross adex grew 6% YoY, the strongest growth rate YTD, thanks to the Euro Cup. TV adex surged 14% YoY but newspaper adex grew by a modest 4% YoY as major sporting events favour TV adex. While Jun 2012 adex figures are a welcome change, we are still wary of potential fuel price/electricity tariff hikes following the looming 13th General Election. We retain our 2012 total gross adex growth forecast of 7%. Only MCIL is a BUY.
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Source: Maybank Research - 27 July 2012
Click here for full report
Source: Maybank Research - 27 July 2012
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