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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