RHB RESEARCH INSIGHTS – PICK OF THE DAY: TAS OFFSHORE

 

RHB
OSK
Monday, 17 March 2014
Bursa Malaysia Trade Statistics – 14 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 53.0 1,282.7 916.6 366.1
Retail 17.0 368.7 338.2 30.5
Foreign 30.0 424.7 821.3 -396.6
Total 100.0 2,076.1 2,076.1 0.0
Source: theSundaily – Business
Daily Recommendations
buy buy FAIR VALUE MYR 1.57 TAS Offshore
buy buy FAIR VALUE IDR 2,650.00 Telekomunikasi Indonesia
Featured Reports
TAS Offshore – Wins Contract Worth MYR13.2m
BUY FAIR VALUE: MYR 1.57
Wins Contract Worth MYR13.2m TAS Offshore (TAS) has secured a MYR13.2m contract from its new Indonesian customer to build a utility tug. Its total orderbook stood at MYR340m as at 14 March 2014, with earnings potentially set to surge from its five build-to-stock (BTS) vessels. Its BTS business model is now bearing fruit, as some clients are willing to pay a higher price for a shorter waiting period. The company’s…
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TAS Offshore – Wins Contract Worth MYR13.2mWins Contract Worth MYR13.2m TAS Offshore (TAS) has secured a MYR13.2m contract from its new Indonesian customer to build a utility tug….

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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
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Not Rated (NR): Stock is not within regular research coverage
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