RHBInvest Research Highlights

Tuesday, November 16, 2010

Top Story

First Resources

  • Significant turnaround from.
  • Fair value is trimmed to S$1.60 (from S$1.70). Maintain Outperform.
Corporate Highlights

Hua Yang
  • In the right affordable housing segment.
  • Fair value is RM1.16. Not rated.
  • Penang issues stop-work order against double-tracking project.
  • Fair value is RM4.51. Maintain Trading Buy.

Genting Bhd
  • One-off gain of RM390m.
  • Fair value for Genting is RM12.45 (from RM12.75). Maintain Outperform.

  • PRG 3QFY12/10 results slightly below expectations.
  • Fair value is unchanged at RM7.72. Maintain Outperform.

Tan Chong
  • Spreading its wings to the east.
  • Maintain fair value at RM6.16. Market Perform.

  • Off to a decent start.
  • Fair value is RM10.40. Maintain Outperform.

  • Another strong quarter.
  • Fair value is RM7.26 (from RM6.95) Maintain Outperform.

CSC Steel
  • 3QFY12/10 performance impacted by inventory write-down.
  • Fair value is RM2.33. Maintain Outperform.

Technical Highlights

Daily Trading Strategy
  • Cautious pending clearer regional performance.
  • FBM KLCI’s bearish technical readings continued amid the bearish reversal in the regional markets that responded negatively to the China markets’ unexpected 5% plunge.
  • If the index fails to recapture the psychological level of 1,500 and 10-day SMA of 1,513 soon, chances are high for it to continue heading downward to below the 40-day SMA near 1,488.
  • Key support is at 1,450, while the resistance is seen at the 10-day SMA for this week

Daily Technical Watch: Genting
  • Negative “double sells” signal on the indicators.
  • Immediate Support at RM9.57
  • Immediate Resistance at RM10.60

Weekly Trading Idea: Salcon
  • A chance to accumulate near RM0.75
  • Strategy: Buy on weakness at above RM0.75.
  • Immediate Resistance at RM0.89
  • Immediate Support at RM0.75
  • Exit: Cut loss if it loses the 10-day and 40-day SMAs


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