RHB RESEARCH INSIGHTS – PICK OF THE DAY: GAMUDA

 

RHB
OSK
Friday, 28 March 2014
Bursa Malaysia Trade Statistics – 27 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 52.4 990.0 1,153.5 -163.5
Retail 21.3 428.4 444.8 -16.4
Foreign 26.3 627.1 447.2 179.9
Total 100.0 2,045.5 2,045.5 0.0
Source: theSundaily – Business
Daily Recommendations
buy buy FAIR VALUE MYR 4.32 Prestariang
buy buy FAIR VALUE MYR 3.35 Muhibbah Engineering
buy buy FAIR VALUE MYR 0.97 Hiap Teck Venture
buy buy FAIR VALUE MYR 5.45 Gamuda
Featured Reports
Gamuda – MRT Line 2 As Good As Approved
BUY FAIR VALUE: MYR 5.45
We maintain our BUY call, forecasts and MYR5.45 FV. This follows 1HFY14 results that met expectations, as well as the fact that Gamuda is now working on the basis that the Cabinet has approved the MYR25bn Klang Valley MRT Line 2. Gamuda is the best proxy to the construction sector, which is riding on what we believe is an extended upcycle backed by the MYR73bn Klang Valley MRT project. A …
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Latest Reports for the Day
Dow Jones Industrial Average Futures – 28 March 2014Gap’s Support Still Valid Psychological spot remains solid, stay long above the …

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Prestariang – Petroleum Academy Malaysia Kicks Into GearPrestariang has signed a MOU with JEF to establish the Petroleum Academy Malaysia (PAM) in Johor. This is within our expectations, …

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Muhibbah Engineering – An Old Name With a New AngleWe initiate coverage on Muhibbah with a BUY call and SOP-based MYR3.35 FV. The group has become more O&G-centric following …

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Hiap Teck Venture – Several Positives In The PipelineHTVB’s 1HFY14 core net profit came in within our expectations despite lower revenue. This was due to its trading division’s …

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Gamuda – MRT Line 2 As Good As ApprovedWe maintain our BUY call, forecasts and MYR5.45 FV. This follows 1HFY14 results that met expectations, as well as the fact that…

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Trading Stocks – 28 March 2014Bonia’s uptrend may continue after it closed at its highest in more than a year. Traders may buy if it stays above…

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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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