RHBInvest Research

Banks:
Dec ’10 system data – Ending on a strong note.
No change to our Overweight rating on the sector.
For an exposure to large cap banking stocks, our top pick is CIMB while Affin is our top pick within the small-mid cap space.

Corporate Highlights

Digi:
Ends on a high.
Fair value raise to RM29.10 from RM26.35. Maintain Outperform.

SP Setia:
Buying more land in Johor.
Maintain Outperform and fair value of RM7.39

Hiap Teck:
Proposes rights issue and convertible bond issue.
Fair value is maintained at RM1.18. Underperform.