Friday, January 14, 2011

RHBInvest Research


TM:

  • Looking forward to higher UniFi take-up
  • We maintain our Trading Buy call on TM for the high likelihood of 50 sen/share in special dividends. In total, dividend yields in 2011 could potentially reach 19%.
  • We raise our fair value to RM4.05.


Corporate Highlights


SP Setia: Outperform
  • Valuing from a quantitative perspective
  • We raise our indicative to RM8.05 (from RM6.95). Maintain Outperform.

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