RHBInvest Research
Wednesday, January 19, 2011
Sector Call
Telecom:
- DiGi-Celcom collaboration to yield big cash savings
- Estimate potential upside of 96 sen (+3.6%) and 9 sen (+1.6%) to DiGi’s and Axiata’s fair value respectively
Corporate Highlights
Axis REIT:
- More acquisitions in the pipeline
- Post the completion of the acquisition of Axis Eureka and PTP D8 before 1Q2011 as well as the disposal of Axis North Port LC1
- Six potential assets in the pipeline, worth about RM400m
- Maintain Outperform with indicative fair value at RM2.71
KPJ:
- Expanding its foothold to Sibu, Sarawak
- New acquisition would be able to contribute RM3m to its total earnings in FY11
- Outperform with fair value of RM4.39
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