RHB RESEARCH INSIGHTS – PICK OF THE DAY: CB INDUSTRIAL PRODUCT

 

RHB
OSK
Tuesday, 25 March 2014
Bursa Malaysia Trade Statistics – 24 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 52.5 947.1 1,165.4 -218.3
Retail 24.0 498.1 466.2 31.9
Foreign 23.5 567.7 381.3 186.4
Total 100.0 2,012.9 2,012.9 0.0
Source: theSundaily – Business
Daily Recommendations
buy buy FAIR VALUE MYR 5.61 SapuraKencana Petroleum
buy buy FAIR VALUE MYR 2.55 Berjaya Auto
buy buy FAIR VALUE MYR 5.00 CB Industrial Product
Featured Reports
CB Industrial Product Holding – Influx Of New Clients
BUY FAIR VALUE: MYR 5.00
With CBIP’s recently obtained contracts, we estimate its current orderbook has risen to about MYR485m (end-2013: MYR439m). We believe its recent wins have proven its capability in expanding its clientele base and geographical exposure. We raise our SOP-based TP to MYR5.00 (from MYR4.30), based on the high end of its 10-year historical P/E range. Reiterate BUY. Rising orderbook. With…
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SapuraKencana Petroleum – A Weak FY14 PerformanceFY14 results were at just 73/89% of our/consensus estimates on lesser contributions from SAKP’s OCSS unit, and high interest 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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