RHBInvest Research
Wednesday, March 30, 2011
UMW:
Visit Note
- Fairly valued
- We reiterate our Market Perform recommendation
- fair value of RM7.85 (unchanged).
Sector Call
Motor:
Sector Update
- Awaiting new growth drivers.
- We reiterate our Neutral view on the back of relatively tepid industry growth prospects in 2011 and few new catalysts to re-rate sector valuations.
- Tan Chong is our top pick.
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