RHB RESEARCH INSIGHTS – PICK OF THE DAY: APEX HEALTHCARE

 

RHB
OSK
Monday, 31 March 2014
Bursa Malaysia Trade Statistics – 28 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 51.0 908.5 1,160.3 -251.8
Retail 20.3 403.1 423.3 -20.2
Foreign 28.7 718.2 446.2 272.0
Total 100.0 2,029.8 2,029.8 0.0
Source: theSundaily – Business
Daily Recommendations
hold hold FAIR VALUE MYR 4.42 Apex Healthcare
buy buy FAIR VALUE MYR 5.57 Coastal Contract
buy buy FAIR VALUE MYR 1.82 Malaysia Resources Corp
Featured Reports
Apex Healthcare – 1-for-4 Bonus Issue
HOLD FAIR VALUE: MYR 4.42
Apex Healthcare (AHB) has proposed a 1-for-4 bonus issue. Upon the completion of the proposed exercise, its enlarged issued and paid-up share capital would increase to 117.1m shares from 93.7m shares. In addition, AHB has also proposed to increase its authorised share capital to MYR200m (comprising 200m shares) from MYR100m. The proposed corporate exercise would not have an impact on its fundamentals and…
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RHB Research Guide to Investment Ratings
Buy: Share price may exceed 10% over the next 12 months
Trading Buy: Share price may exceed 15% over the next 3 months, however longer-term outlook remains uncertain
Neutral: Share price may fall within the range of +/- 10% over the next 12 months
Take Profit: Target price has been attained. Look to accumulate at lower levels
Sell: Share price may fall by more than 10% over the next 12 months
Not Rated (NR): Stock is not within regular research coverage
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