RHBInvest Research Highlights 02nd November 2010

Wednesday, November 3, 2010

Top Story

China Plays:

  • Customer, supplier, partner.
  • Our China picks are Parkson, Unisem, KLK, and ILB.

Sector Call

  • Sector Riding On Positive News Flow and “Hot Money”
  • We maintain our Neutral stance on the sector.

Sector Update:
  • Dialog: Fair value raised to RM1.47. Outperform
  • Dayang Enterprise: Fair value raised RM3.01.Outperform
  • Sapuracrest: Fair value raised to RM2.97.Outperform
  • Petronas Gas: Fair value raised to RM13.51.Outperform
  • Kencana: Fair value raised to RM2.03.Market Perform
  • Wah Seong: Fair value maintained at RM2.21.Market Perform

  • Chip sales up stronger moo but continues to narrow yoy
  • Remain cautious on the sector and reiterate our Neutral call

Corporate Highlights

  • Racing to be the Asean hub: MAHB vs. AOT .
  • Fair value remains unchanged at RM7.72. Outperform

  • Acquisition of four companies from JCorp.
  • Fair value is RM3.85.Trading Buy call on the stock.

Technical Highlights

  • Daily Trading Strategy:
  • Cautious sentiment to continue.
  • Positively, we keep our bullish projection based on the Fibonacci Projection method at 1,668 for the medium term.
  • Outcome of the US FOMC meeting, the US mid-term election and the local by-elections in Kelantan and Sabah this week remain the key potential issues

Daily Technical Watch: Dialog:
  • Revisiting UTL near RM1.30 to reassess Monday’s breakout momentum.
  • Immediate Support at RM1.30
  • Immediate Resistance at RM1.50


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