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Stocks Analysis


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Analyst reports

AMMB HOLDINGS BHD, SUNWAY BHD, VELESTO ENERGY BHD.

Supportline: Hibiscus Petroleum Bhd

HIBISCUS Petroleum Bhd is holding on firm above the short-term ascending trend line despite falling in danger of being trapped in consolidation mode.

External headwinds buffet Bursa Malaysia

The Turkish factor came into play this week with its currency, the lira, plummeting to record lows and raising fears of a contagion effect on other emerging market currencies.

Eye on Stock: Mikro MSC

MIKRO MSC Bhd (code: 0112) crossed the 200-day simple moving average (SMA) for the first time since January this year, giving it more bullish prospects as it attempts to recover lost ground.

KLK 'neutral', YTL Hospitality 'buy', RHB 'hold', AirAsia 'buy'

KUALA LUMPUR Kepong Bhd (KLK) posted a core net profit of RM673.7mil, down 20.6% year-on-year (y-o-y) for the nine-month period of FY18 after stripping out provision for inventories (RM24mil), surplus on disposal of quoted and unquoted investments (RM2.5mil), surplus on government land acquisition (RM24.1mil), forex loss (RM7.3mil) and loss on derivatives (RM24.6mil).

AIRASIA Group Bhd announced that it is selling its remaining 25% stake in AAE Travel Pte Ltd for US$60mil (RM240mil) cash.

Analyst Reports

Hock Seng Lee Bhd, MYEG Services Bhd, Dayang Enterprise Holdings Bhd and Velesto Energy Bhd.

WCT 'hold', I-BHD 'outperform', GDB 'buy', PPB 'neutral'

AMBANK RESEARCH said WCT was now in a better position to enforce an arbitration award of 1.15 billion United Arab Emirates dirhams (RM1.2bil) by the Dubai International Arbitration Centre in 2015 against Meyden Group LLC in relation to the cancellation of the Nad Al Sheba Racecourse project in Dubai, UAE back in 2009.

C&C 'hold', MAHB 'hold', Gamuda 'buy', Lafarge hold'

CYCLE & Carriage Bintang Bhd (CCB) reported a weak set of results recently. Affin Hwang Capital said CCB’s overall results were below its expectations due to the weaker than expected earnings before interest, tax, depreciation and amortization (ebitda) margin

Scientex 'buy', YTL Power 'Buy', AMMB 'buy', Tex Cycle 'not rated'

UOB Kay Hian said Scientex’s third quarter 2018 (3Q18) results came in below expectations on weaker-than-expected contribution from the property segment, amid lower progress billings and longer-than-expected property approval process prior to the general election.

Tambun Indah 'hold', BIMB 'buy'

TAMBUN Indah intends to only launch its new projects worth RM158mil in gross development value (GDV) by year-end due to the challenging property market outlook and high level of unsold stocks, according to Maybank IB.

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