RHBInvest Research

Monday, April 18, 2011

Top Story: Shifting Trends

  • Market Update
  • BN’s win means that the Government will most likely continue its agenda for development of Sarawak under the SCORE economic corridor.
  • BN’s win in Sarawak will likely be viewed positively by the market, which will also raise speculation about the timing of the next general election. . Our long-term positive view on the equity market is unchanged and we reiterate our year-end FBM KLCI target of 1,700.

Corporate Highlights

Axiata:
  • Visit Note
  • Growth to moderate
  • We still like Axiata, which offers growth prospects albeit moderating this year. Maintain our SOP fair value of RM5.75, but upgrade to Outperform due to recent share price weakness.

1 comments:

cottasofia May 6, 2011 at 7:42 PM  

Hope someone from rhbinvest can elaborate further on raising the eligibility of credit cards and shortening the repayment period of HP financing.

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Miami Florida Real Estate Attorney

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