RHBInvest Research Highlights 26th October 2010

Tuesday, October 26, 2010

Top Story

Government Measures:

  • A long and bumpy road.
  • Market is driven by news flow, and this will continue to provide support for certain key stocks.

Corporate Highlights

  • Buying back 18 units of Suria Stonor.
  • Maintain Outperform rating, with a fair value of RM2.09.

  • Constructing a concentration and pelletising plant in Kemaman.
  • Indicative fair value is RM1.37. Maintain Outperform.

Technical Highlights

Daily Trading Strategy:
  • Trading sentiment turning more upbeat.
  • FBM KLCI managed to sustain at above the supportive 10-day SMA in the recent sessions.
  • Given the robust trading volume and the active rotational interests recently.
  • Trading sentiment is poised to turn even more positive in the near term.
  • Lower liners and the selective sectors like construction, plantation, brokerages and property-related counters are expected to lead trading action.

Daily Technical Watch: Sino Hua-An
  • Next target is to cover a tiny technical gap at RM0.435
  • Immediate Support at RM0.31
  • Immediate Resistance at RM0.435


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