Stock Watch

N2N Connect 

ASEAMBANKERS Research, which has a “buy” call on N2N Connect with a target price of RM3, expects the company to secure new contracts from the Middle East soon. An analyst with the research unit said N2N was close to sealing at least one contract in Saudi Arabia. The company is also looking at smart partnerships with banks and telecommunications providers there to develop a stronger presence. N2N is a provider of e-commerce and mobile commerce solutions for securities trading. 

 N2N :  [Stock Watch]  [News

KLCC Property 

KLCC Property is CIMB Securities' top property investment choice. The brokerage issued a 100-page report on the Malaysian property sector, which it believes is on the brink of a new cycle. A broker said KLCC Property was a popular stock due to its good reputation and exposure to prime land in the Iskandar Development Region in south Johor. Besides KLCC Park, the company owns and manages the Petronas Twin Towers, Suria KLCC, Menara Maxis and Mandarin Oriental Hotel. 

 KLCCP :  [Stock Watch]  [News


UOBKAYHIAN, which has a “buy” call on Shangri-la with a target price of RM3.75, said the hotelier was the prime beneficiary of the upcycle in the Malaysian hotel industry, with rising occupancy and better room rates. Shangri-la is 52.8%-owned by Shangri-La Asia Ltd – Asia’s largest luxury hotel group – and ultimately owned by Malaysian tycoon Tan Sri Robert Kuok. It is the largest listed hotel group in Malaysia with five luxury hotels and resorts in Kuala Lumpur, Penang and Sabah. The company has a market capitalisation of over RM1bil. 

 SHANG :  [Stock Watch]  [News

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