KUALA LUMPUR: CSC Steel Holdings Bhd is in a strong position within the sector to reap the benefits from the pick-up in domestic steel demand, and to plug the supply gap, according to Maybank Investment Research.

Maybank Investment Research expects CSC's 57% market share in carbon cold rolled coil steel industry production in Malaysia to grow further due to sustainable domestic demand, restrictions on steel imports and the temporary absence of competition from Megasteel.

The research house forecasts a two-year earnings CAGR of 15% fuelled by recovering steel demand in various key industries in Malaysia; a supply gap to fill amid the absence of Megasteel's output and less cheap imported steel available owing to anti-dumping duties; a favourable CRC steel price outlook; and a better product mix leading to higher margins.

Maybank Investment Research initiates a "buy" call on CSC with a target price of RM2.02.

"Valuation is undemanding; it is trading at below the average of its five-year historical forward PER of 10.5x. We forecast CSC’s earnings to grow at an annual double-digit pace (~15% pa) over the next two years (FY18-19).

"We forecast CSC’s earnings to grow at an annual double-digit pace (~15% pa) over the next two years (FY18-19). Our TP is based on 10.5x FY18F EPS. We also like CSC for its net cash position and strong free cash flow that can reward shareholders with stable dividend payouts," it says.

On 8th June 2017, Enovax CEO Mr. Erwin Foo was honored once again at the Singapore Business Review (SBR) National Business Awards when ENOVAX PTE LTD won the “IT Services” Award.

• PUC Founder (MSC) Berhad entered into a Memorandum of
Understanding for the proposed acquisition of a 100% stake in Enovax
Private Limited for SGD2.0mn.

http://www.thestar.com.my/business/business-news/2016/03/21/kerjaya-prospek-awarded-rm181mil-dredging-project/

KUALA LUMPUR: Construction firm Kerjaya Prospek Group Bhd, previously known as Fututech Bhd, has been awarded a dredging contract worth RM181.31mil for the Seri Tanjung Pinang (STP) development in Penang.

Tan Sri Adenan Satem has announced that he has submitted proposed dates for the Sarawak state polls to the Election Commission......(18/4/16 as nomination day / 30/4/16 as polling day)

3.80 to go !...

Top Glove 1Q net profit up 164% on year at RM128m

KUALA LUMPUR (Oct 2): Malaysia Building Society Bhd ( Valuation: 3.00, Fundamental: 1.20)'s (MBSB) planned merger with Bank Muamalat Malaysia Bhd is expected to create a financial services entity with a collective asset size of some RM60 billion.

Affin Hwang Investment Bank Bhd ( Valuation: N/A, Fundamental: N/A) wrote in a note today that MBSB and Bank Muamalat's assets were valued at RM41 billion and RM22 billion respectively. DRB-Hicom Bhd ( Valuation: 2.00, Fundamental: 0.00) holds a 70% stake in Bank Muamalat while Khazanah Nasional Bhd has 30%.

Affin Hwang said, "It is still preliminary and there could be potential write-offs of the loan book subsequent to due diligence exercises, which is likely to follow suit. In our view, the objective of the merger is to enable MBSB to change its business direction and expand as a banking entity."

"We are not too optimistic [about] the merger, as previously there have been other merger discussions between Bank Muamalat and other parties that were unsuccessful," Affin Hwang said.

Affin Hwang said earlier merger talks involving Bank Muamalat were unsuccessful due to "asset quality risks".

On MBSB, Affin Hwang said it maintained its "hold" call for the stock with an unchanged target price (TP) of RM1.80.

Shares in MBSB and DRB-Hicom rose among Bursa Malaysia's top gainers on news that Bank Negara Malaysia has approved the merger negotiations.

MBSB jumped as much as 16 sen or 11% to RM1.67 before narrowing gains to RM1.63 at 10.19am. At 11.07am, MBSB was the sixth-largest gainer on the exchange.

At RM1.63, MBSB has a market capitalisation of RM4.63 billion.

DRB-Hicom rose as much as nine sen or 7% to RM1.42. At 11.12am, the stock pared gains at RM1.40 for a market value of RM2.71 billion.

Public Investment Bank Bhd said it was keeping its "outperform" call on DRB-Hicom shares with a TP of RM2.17.

Commenting on the deal, Public Investment said DRB-Hicom derived 7.7% of its revenue from the banking segment for financial year ended March 31, 2015.

"Going forward, potential disposal of 30%-stake in Bank Muamalat will reduce the services segment earnings," Public Investment said.

KUALA LUMPUR (Sept 17): Ahmad Zaki Resources Bhd (AZRB) ( Valuation: 2.60, Fundamental: 0.60) has bagged a mixed development project worth RM386.65 million.

Consider health care stocks. For those investors looking to emphasize less economically sensitive parts of the market, I continue to prefer health care, which historically has been less sensitive to rising rates than other traditionally defensive sectors.

Healthcare Stocks Likely to Outperform despite Rate Hike !!

vroom vroom...vroom....

Gadang wake up already....

systech coming.....

coming....

yes ! tahi coming ...

yes coming...nonstop

agree with James70

buy signal !

lousy counter...

dropping very fast

got chance.....

go limit up lah....

no volume....but keep going up

i think their next quarter will be of great interest....

can fly?

thinking to buy back at 1.06, can?

sold at 1.09...just picked up few days back, consider good profit already. Never mind, i wait for it to drop to 1.00 again

got 15 lots at 0.985, should i sell?

what is going on? up 3 cents...

could be someone roll over his/own shares of 2.0 million at 0.38

for the first time, volume after first hour surpass 3.5 million share, very healthy

must break 0.40 to clear the jinx...

volume is picking up, could be genuine today

worth keeping this stock for long term

is show time today, will announce land sales i think

dumped my Malton two days ago, may be i will buy some MKLAND...

heard there is a land sale in India...

MKLAND start moving....

ya, very strong support indeed !

buffetthe2nd meant "CIMB=AAX=STUPID=HOPELESS !"

yup,agree with Hobson as S&P will downgrade Malaysia Outlook soon, be alert anyway ! And tomorrow market will b red again ..