RHBInvest Research

Top Story

SapuraCrest:

• Laying down the good vibes
• Overweight call on the stock at a fair value of RM3.86/share

Sector Call

Utilities:

• Third offer unlikely to excite
• Underweight call on the stock

Puncak Niaga:

• We reiterate our Underperform call on Puncak with an unchanged indicative fair value of RM2.64.

Building Materials:

• Impact of higher coal prices
• Neutral call on the stock

Sino Hua-an:

• Fair value revised to RM0.31, from RM0.33
• Maintain Underperform.

Corporate Highlights


TNB:

• Rising coal prices dampen sentiment
• We have adjusted our fair value to RM7.50
• Market Perform

Maybank:

• Acquiring Kim Eng to expand investment banking footprint
• Fair value of RM10.20 (16x CY11 EPS) and Outperform call maintained.