RHBInvest Research Highlights 28th October 2010

Thursday, October 28, 2010

Top Story


  • Picking among the best – SPSB vs. IJMLD.
  • Maintain Outperform call for both SPSB and IJMLD with a target price of RM5.94 and RM3.50

Sector Call

Building Materials:

  • Cement sub-sector: Lafarge vs. YTL Cement.
  • Lafarge: Fair Value is 7.42. Underperform.
  • YTL Cement: Fair Value is 5.59. Outperform.
  • Maintain Neutral stance on the cement sub-sector.

Corporate Highlights


  • Ayamas – Spreading its wings; Another RPT with JCorp.
  • Target price is RM3.85, revise our recommendation to Trading Buy from outperforms.

Technical Highlights

Daily Trading Strategy:

  • Pending clearance from the eventful week ahead.
  • Profit-taking activities are expected to continue ahead of the next week’s US FOMC meeting and the two by-elections in Galas and Batu Sapi respectively.
  • Nevertheless, the 10-day SMA near 1,491 should cap its near-term downside, while the 40-day SMA at 1,467 and critical support at 1,450
  • For the index to resume its positive trend, it will need to recapture the 1,500 psychological hurdle and yesterday’s high of 1,504.37
  • Meanwhile, we expect the market to trade rangebound pending more clearance from the eventful week ahead.

Daily Technical Watch: Cepatwawasan

  • Heading lower to cover a technical gap near RM1.19-1.22 soon.
  • Immediate Support at RM1.29
  • Immediate Resistance at RM1.44


Post a Comment

Related Posts with Thumbnails

About This Blog

To learn better Bursa Malaysia Stock Market & build up My Portfolio.

Current stock in my portfolio:
1) Hupseng
2) Glomac
3) Masteel
4) Supermax
5) Cocoland
6) Xinquan

Unit Trust Price


  © Blogger template On The Road by Ourblogtemplates.com 2009

Back to TOP