RHBInvest Research

Top Story

Adventa:
Core FY10 Earnings Expected To Be Flat YoY
Upgrade to Outperform from Market Perform previously.
Fair value is RM2.47.

Sector Call


Semiconductor:

Oct chip sales flat mom

• Unisem: Fair Value RM2.31 OP
• JCY: Fair Value RM0.64 UP
• MPI: Fair Value RM5.17 UP
• Notion: Fair Value RM1.68 UP
• Maintain our Neutral call on the sector.

Corporate Highlights


Dayang:
Disposing Of Borcos For RM135m Cash
Fair value is reduced from RM3.86 to RM3.36.
Maintain Outperform.


Technical Highlights

Daily Trading Strategy:

• Sell Into Strength…
• Yesterday’s surprise jump on the bargain-hunting activities has led the FBM KLCI to close more positive.
• The buying momentum, if it continues, is likely to spur more buying, hence leading the index to retest the key resistance at 1,525 and the record level of 1,531.99 soon.
• However, on the regional markets sentiment that we think could still dampen the local trading behavior should the regional markets fall rapidly in the near term.
• Market sentiment will turn positive only if it moves into a higher trading zone from 1,531.99.

Daily Technical Watch: Petra Perdana

• Further rally possible if it removes the RM0.925 level soon.
• Immediate Support = RM0.74
• Immediate Resistance = RM0.925