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.

Read more...

RHBInvest Research

KLK:
Extreme weather = Lower production but higher prices
Reduced fair value for KLK to RM25.95 (from RM27.35), but maintain our Outperform rating.

Corporate Highlights

Dayang:
Dayang’s 1-for-4 bonus and rights issues went ex yesterday.
New ex-all fair value is RM2.60/share (from RM3.54 previously). While we still like the company, we downgrade our call on the stock to Market Perform (from outperform)

Read more...