RHBInvest Research Highlights 03rd November 2010

Wednesday, November 3, 2010

Top Story


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

Corporate Highlights

  • 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


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