TA Enterprise; Buy; RM0.63
Price Target: RM1.00; TAE MK
Holding up well

1HFY14 profit was in line; forex losses were offset by investment gains; development profits continued to show good traction albeit from a low base. Credible proxy to the property market with M&A angle. Maintain BUY rating and RM1.00 TP.
 

Maxis; Fully Valued; RM7.00
Price Target: RM5.65; MAXIS MK
Battle for prepaid continues

New plan aimed at grabbing more subscriber share; new mobile internet offerings matches or undercuts DiGi’s offerings. Expect more pressure on margins with lower data rates; cost management still a key theme. Handset sales should spike in 2H2013 on the back of anticipated product launches. Maintain FULLY VALUED with RM5.65 TP.

Source: HwangDBS Research - 25 Sep 2013