Thursday, February 10, 2011

RHBInvest Research

Star:

Visit Note
  • Ad rates hiked by 4%
  • Fair value is raised slightly to RM4.07 (from RM4.01.We reiterate our Outperform call on the stock.


Sector Call


Gaming:

Sector Update
  • MPHB buys back stake in Magnum
  • Although we do not cover MPHB, we believe this could present a trading opportunity for MPHB, given the relative inexpensive valuations for the acquisition and the potential for higher valuations should they relist Magnum at a later stage.

Corporate Highlights

MRCB: Trading Buy

  • 4QFY10 Results/Briefing Note
  • FY12/10 net profit almost doubles
  • Fair value is RM2.65. Maintain Trading Buy.

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