Monday, March 8, 2010

Maybank Research (March 2010)

01/03 Sime Darby RM8.45 Hold TP9.20
01/03 Maxis RM5.52 Hold TP5.80
01/03 Genting RM6.31 Buy
01/03 Genting Malaysia RM2.72 Sell
01/03 RHB RM5.82 Buy TP6.40
01/03 Nestle RM33.90 Hold
01/03 IJM Corp RM4.43 Hold TP4.50
01/03 Lafarge RM6.30 Buy TP7.40
01/03 Air Asia RM1.44 Hold TP1.35
01/03 KNM RM0.805 Buy
01/03 KLCC Property RM3.27 Buy TP3.60
01/03 Bintulu Port Holdings RM6.30 Hold TP6.30
01/03 Media Prima RM1.83 TP2.08
01/03 Ann Joo Resources RM2.80 Hold TP2.60
01/03 Sunway City RM3.30 Buy TP4.80
01/03 Kinsteel RM0.995 Hold TP1.03
01/03 Alam Maritim Resources RM1.77 Buy TP2.40
01/03 Hock Seng Lee RM1.27 Buy TP1.75
01/03 Petra Perdana RM1.35 Hold TP1.45
01/03 CB Industrial Product Holding RM2.70 Buy TP4.40

02/03 WCT RM2.64 Buy TP3.40 top pick in construction
02/03 MISC RM7.80 Buy TP9.05

04/03 Berjaya Toto RM4.33 Sell

08/03 Kossan Rubber Industries RM7.38 Buy TP10.20

09/03 Maxis RM5.44 Buy TP6.20

10/03 Gamuda RM2.79 Buy TP3.80
10/03 Glomac RM1.29 Buy TP1.78

11/03 Gamuda RM2.79 Buy TP3.80
11/03 George Kent (Malaysia) RM0.93

12/03 Berjaya Sports Toto RM4.41 Sell
12/03 Tan Chong Motor Holdings RM3.31 Buy

15/03 AirAsia RM1.33 Sell TP1.15
15/03 Top Glove RM12.26 Buy TP14.50 (dividend payout 40% from net profits)

16/03 Berjaya Toto RM4.37 Sell
16/03 Tanjung Offshore 1.05 Buy
16/03 EON capital RM6.09 Hold

17/03 Tenaga Buy

18/03 Top Glove Corporation RM12.56 Buy TP14.50

19/03 SP Setia RM4,15 Hold TP4.00
19/03 EON Capital RM6.90 Hold TP7.20

22/03 KNM RM0.785 Hold TP0.75 (15-27% earnings cut for 2010-11) Bidding oarty's due diligence has a 22 March deadline (0.90/sh), eventually drawing experience from the kitchen sinking excersise in 4Q09, which largely mirrors Sime Draby-Ranunia's price revision of the fabrication yard sale deal.

23/03 Hock Seng Lee RM1.34 Buy TP1.75 (HSL)
24/03 Glomac RM1.28 Buy TP1.78 - still in land aquisition mode
25/03 Tanjung Plc RM17.74 Buy TP19.10 - Dividends & growth potential
25/03 Sapura Crest Petroleum RM2.36 - Regional growth ahead
25/03 Gamuda RM2.79 TP3.80 - Taking the lead on water consolidation RM10.75b
26/03 Gamuda RM2.84 Buy
26/03 Loh & Loh RM4.80 Buy TP6.00 - A major win (Hulu Terengganu hydroelectric project)
29/03 TM RM3.43 Buy TP3.86