Axis REIT; Hold; RM3.40;
Price Target: RM3.70; ACSM MK
No surprises

Earnings in line with our and street estimates. 4.7sen DPU declared – 99% distribution payout. Organic growth drivers intact; RM317m in assets under negotiation. Maintain HOLD with RM3.70 TP.
 

Karex Bhd
Retail Price: RM1.85; KAREX MK
Initial Public Offering – Main Market

Largest condom manufacturer in the world with 3bn pieces annual capacity. Doubling capacity by 2015 to cater for increasing global demand along with population growth. Subscribe: Fair value of RM2.35 based on 0.5x CY14 PEG, which implies 15x CY14 EPS.

Source: HwangDBS Research - 22 Oct 2013