RHBInvest Research Highlights 03rd November 2010

Top Story

AirAsia:

• AirAsia still a better bet versus Tiger Airways.
• Fair value is RM3.01. Maintain Outperform.

Corporate Highlights

Unisem:

• 3QFY12/10 in line with expectations.
• Fair value is RM2.31. Maintain Outperform.

Technical Highlights

Daily Trading Strategy:

• A possible revisit of 1,500 and the 10-day SMA.
• We believe that the recent bullish breakout from 1,500 remains valid and the 10-day SMA should protect the current uptrend.
• To restore bullish momentum, the FBM KLCI must regain the recent high of 1,511.24 and tick-up the momentum indicators.

Daily Technical Watch: MAS

• Further downside will trigger a medium-term “sell” signal on the SMAs
• Immediate Support at RM2.03
• Immediate Resistance at RM2.20