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CIMB Research drops Cocoaland from coverage
CIMB Equities Research is dropping its coverage on Cocoaland as there is little institutional interest in the stock and recommended investors to switch to Daibochi Plastics.
Slower market for Carlsberg
FROM a recent company visit with Carlsberg Brewery Malaysia Bhd, we understood that the market has beensoftening due to slower beer consumptions in the second half of its financial year ended Dec 31, 2012(2H12).
Daibochi dividend attractive
DAIBOCHI remains an outperform and our top pick in the flexible packaging sector. We retain our valuation basis of 10.6 times calendar year 2013 PE (price-to-earnings) based on a 20% discount to our target market PE.