RHB RESEARCH INSIGHTS – PICK OF THE DAY: VS INDUSTRY

 

RHB
OSK
Thursday, 27 March 2014
Bursa Malaysia Trade Statistics – 26 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 55.6 1,063.4 1,131.3 -67.9
Retail 23.5 467.1 462.0 5.1
Foreign 20.9 444.1 381.3 62.8
Total 100.0 1,974.6 1,974.6 0.0
Source: theSundaily – Business
Daily Recommendations
hold hold FAIR VALUE MYR 1.42 VS Industry Bhd
hold hold FAIR VALUE MYR 2.60 Hai-O Enterprise
Featured Reports
VS Industry – 1HFY14 Numbers Within Expectations
HOLD FAIR VALUE: MYR 1.42
VS Industry’s 1HFY14 results were within expectations, making up 51% of our full-year FY14 forecasts. The 1HFY14 numbers generally improved on the back of the consolidation of its China operation, as well as an improved product mix. We are leaving our forecasts unchanged pending a meeting with management. Maintain NEUTRAL, with our FV unchanged at MYR1.42. Within expectations. VS…
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Hang Seng Index Futures – 27 March 2014Buying Interest May Return Positive candle for the day, maintain long positions above the 21,100-pt level. …

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Hai-O – Weaker Sales And MarginsHai-O’s 9MFY14 results were below our and street’s estimates. Its revenue and core earnings contracted due to softer sales…

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SGX MSCI Singapore Index Futures – 27 March 2014Violates 356-pt Resistance Level Stay long above 350 pts. The “Bullish…

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Trading Stocks – 27 March 2014Kumpulan Fima’s uptrend may continue it closed at its highest in more than a week. Traders may buy if it …

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VS Industry – 1HFY14 Numbers Within ExpectationsVS Industry’s 1HFY14 results were within expectations, making up 51% of our full-year FY14 forecasts. The 1HFY14 numbers generally…

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Real Estate – Ready For a ReboundWe upgrade the Malaysia property sector to OVERWEIGHT. This is underpinned by: i) undemanding sector valuations, ii) catalysts …

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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
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