RHB RESEARCH INSIGHTS – PICK OF THE DAY: PLANTATION

 

RHB
OSK
Friday, 14 March 2014
Bursa Malaysia Trade Statistics – 13 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 54.9 1,183.1 1,172.7 10.4
Retail 19.2 428.7 396.1 32.6
Foreign 25.9 532.9 575.9 -43.0
Total 100.0 2,144.7 2,144.7 0.0
Source: theSundaily – Business
Daily Recommendations
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Plantation – Beating Consensus Despite Weather Issues
The latest quarterly results for the plantation companies under our coverage universe were largely above expectations. Six out of 11 reported above estimate results, four booked numbers that were in line and only one company was below forecasts. We expect better quarters ahead on the back of rising CPO prices and lower production costs. We maintain our OVERWEIGHT stance.  Largely beating expectations. The …
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Plantation – Beating Consensus Despite Weather IssuesThe latest quarterly results for the plantation companies under our coverage universe were largely above expectations. Six out of…

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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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