Sunway REIT; Buy; RM1.30
Price Target: RM1.60; SREIT MK
Reinvigorating aging assets

Refurbishment to complete in 1QCY15; expected stable ROI provides upside to our estimates. Favouring mini-anchors and specialty stores is a boon; occupancy unlikely to be an issue. Maintain BUY with RM1.60 TP.

Jobstreet Corp; Buy; RM2.14
Price Target: RM2.45; JOBS MK
Philippines gaining traction

3Q13 net profit of RM16.3m is above expectations. Bottomline lifted by Singapore and Philippines operations. Declared third interim net DPS of 1.75 sen. Maintain BUY with DCF-based RM2.45 TP.

Kossan Rubber Industries; Buy; RM3.27
Price Target: RM3.60; KRI MK
Margins continue to improve

3Q13/9M13 results were within our and consensus expectations, led by improving margins. Declared 3.5 sen interim DPS. Maintain BUY and RM3.60 TP.

Pos Malaysia; Buy (under review); RM5.62
Price Target: RM5.60; POSM MK
Postal business growth on track

2QFY14 net profit of RM40m is in line. Bottomline earnings supported by growth in core postal business – mail and courier. Declared interim net DPS of 6 sen. Balance sheet is healthy with low borrowings and supported by high operating cash inflow.

QL Resources; Buy (under review); RM4.23
Price Target: RM4.05; QLG MK
Improvement in core businesses

2QFY14 net profit is below our full-year estimate. Reduce FY14-16 EPS by 6-9%. Premium valuation is justified on the back of 18% 3-year EPS CAGR and inelastic demand for its products.

Source: HwangDBS Research - 25 Nov 2013