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Mayban Securities | Inter-Pacific Research Sdn Bhd | CIMB Securities
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Mayban Securities
All research from Mayban Securities |
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COMPANY UPDATE - 10 MARCH 2010
10.03.2010 - 10:21 AM (GMT+8)
Glomac RM1.29: Buy - Growth intact on strong sales
Earnings to pick up steam. Glomac's 3QFY10 results, set to be released end-Mar '10, are likely to meet our expectations, at around RM10m net profit (+8% QoQ, +5% YoY). This follows at least RM367m in 9MFY10 new sales compared with 9MFY09's RM148m.
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COMPANY UPDATE - 10 MARCH 2010
10.03.2010 - 10:20 AM (GMT+8)
Gamuda RM2.79: Buy - The Vietnam conundrum
Disconnection between macro and local sentiment. In our view, most investors are bearish on Vietnam, commonly citing the country's poor macro fundamentals. Our recent visit to the country suggests that local sentiment is significantly more optimistic, particularly on property.
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MORNING CALL TECHNICAL - 10 MARCH 2010
10.03.2010 - 10:19 AM (GMT+8)
The FBM KLCI fell by 6.28 points to close at 1,317.94. Its resistance areas at 1,317 and 1,338 may cap market gains, whilst the obvious support areas for the FBM KLCI are located at 1,300 and 1,315. Due to the Dow's minor rise of 11.86 points, we expect the FBM KLCI to remain flat today due to gap-up profit taking activities. Our stock pick for today is a technical "SHORT-TERM BUY" call for KONSORT.
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Inter-Pacific Capital Sdn Bhd
All research from Inter-Pacific Capital Sdn Bhd |
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COMPANY UPDATE - 10 MARCH 2010
10.03.2010 - 10:05 AM (GMT+8)
Kulim (M) Bhd - Target Price RM9.24
Increase in CPO production: We expect Kulim's production to increase by 61.7% to 748.4k tonnes due to (1) higher contribution from Papua New Guinea (PNG) and Solomon Island following the purchase of CTP; and (2) improved estate management that should see their OER yield reach 22%.
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DAILY CORPORATE NEWS - 10 MARCH 2010
10.03.2010 - 10:03 AM (GMT+8)
MMM to downsize ops
Malaysian Merchants Marine Bhd (MMM) will downsize its operations in all areas to contain operating and administrative overhead costs. This follows its inability to buy a chemical tanker that was instrumental in the company's turnaround plan.
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COMPANY UPDATE - 09 MARCH 2010
9.03.2010 - 11:33 AM (GMT+8)
Tenaga Nasional Bhd - Target Price RM9.80
Another round of deferment on Tariff: Government has deferred any plans to raise the electricity tariff pending a programme to educate the public on the need to increase rates. Nonetheless, a proposal for a review of the rates was submitted to the Economic Planning Unit of the Prime Minister's Department.
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