RHB RESEARCH INSIGHTS – PICK OF THE DAY: SP SETIA

 

RHB
OSK
Monday, 24 March 2014
Bursa Malaysia Trade Statistics – 21 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 42.9 1,325.3 1,361.4 -36.1
Retail 12.1 383.8 373.0 10.8
Foreign 45.0 1,419.5 1,394.2 25.3
Total 100.0 3,128.6 3,128.6 0.0
Source: theSundaily – Business
Daily Recommendations
buy buy FAIR VALUE MYR 2.91 Westports Holdings
buy buy FAIR VALUE MYR 3.54 SP Setia
hold hold FAIR VALUE MYR 6.54 MISC
Featured Reports
SP Setia – M&A News Surfaces
BUY FAIR VALUE: MYR 3.54
We upgrade SP Setia to TRADING BUY with an unchanged MYR3.54 FV. While current valuations have largely reflected the loss of key management personnel, focus will soon be redirected to PNB’s move in strategising its substantial-owned investee company. Apart from the usual market expectations of the I&P group of companies being injected, Tan Sri Syed Mokhtar is now said to be an interested buyer. …
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Latest Reports for the Day
FTSE Singapore Straits Times Index – Downside Risk IncreasesThe downside risk has increased after the index failed to stay above the 3,080-pt support level. It even closed below …

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Westports Holdings – P3 Clears US HurdleThe P3 alliance received approval from US regulators last Friday, but we think that getting the same from Europe and China may…

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Hang Seng Index Futures – Taking a BreatherMaintain short positions, given that a bullish sign has not emerged. After the “Long Black Day” candle on 20 March,…

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MISC – Disposal To Strengthen Balance SheetWe view MISC’s MYR250m disposal of its non-core logistics business positively, as it strengthens its balance sheet for future …

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SP Setia – M&A News SurfacesWe upgrade SP Setia to TRADING BUY with an unchanged MYR3.54 FV. While current valuations have largely reflected the loss of key…

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LBS Bina Group – Deeply-Undervalued China Asset To Boost CashLBS is involved in the property development industry. Following the completion of the disposal of its two land plots in Zhuhai,…

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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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