RHB RESEARCH INSIGHTS – PICK OF THE DAY: GLOMAC

 

RHB
OSK
Thursday, 20 March 2014
Bursa Malaysia Trade Statistics – 19 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 55.0 1,022.9 917.6 105.3
Retail 20.3 349.6 365.1 -15.5
Foreign 24.7 390.2 480.0 -89.8
Total 100.0 1,762.7 1,762.7 0.0
Source: theSundaily – Business
Daily Recommendations
buy buy FAIR VALUE MYR 2.27 Tropicana Corporation Bhd
buy buy FAIR VALUE MYR 1.38 Glomac
Featured Reports
Glomac – Long-Term Prospects Intact
BUY FAIR VALUE: MYR 1.38
Glomac’s 3QFY14 results were broadly in line. As management has decided to hold back some of its launches for better timing, it has revised lower its FY14 new sales target to MYR500m. Nonetheless, the company’s long-term prospects remain strong, underpinned by future GDV of MYR7.1bn and unbilled sales of MYR792m. Upgrade to BUY, with a revised FV of MYR1.38, as most negatives have been…
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Latest Reports for the Day
Glomac – Long-Term Prospects IntactGlomac’s 3QFY14 results were broadly in line. As management has decided to hold back some of its launches for better timing, it has…

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Dow Jones Industrial Average Futures – Another Upside GapStay long provided that the 16,000-pt psychological level is not violated. The DJIAF formed a positive candle for the…

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FTSE Singapore Straits Times Index – Holding Above 3,080-pt SupportThe rebound that started after the gap above the psychological 3,000 pts in early February could still go on despite …

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Hang Seng Index Futures – Below 10-day And 200-day MAV LinesMaintain short positions given that the 10-day MAV line is edging downwards. The HSIF formed a negative “Spinning Top” candle,…

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Banks – 2013 BNM Annual ReportWe are keeping our OVERWEIGHT stance on the sector. Despite further rise in household indebtedness, BNM appears comfortable with bank…

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Tropicana Corp – Unlocking Value Through Land DisposalTRCB has announced the disposal of 308.7 acres of land in Tropicana Aman (or Canal City) to Eco World for a total …

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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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