Steel sector faces oversupply situation

PETALING JAYA: The building materials sector, especially the steel industry, will continue to be weighed down by weak demand due to the absence of sizeable new public infrastructure projects.

AmInvest Research maintains Underweight for building materials

KUALA LUMPUR: AmInvestment Research is maintaining its Underweight for the building material sector.

AmInvestment keeps ‘buy’ on MMC

KUALA LUMPUR: AmInvestment Research is maintaining its “buy” recommendation on MMC Corp Bhd.

AmInvest Research retains Buy on MMC Corp, FV RM1.58

KUALA LUMPUR: AmInvestment Research is maintaining its Buy recommendation on MMC Corporation (MMC).

AmInvest Research retains Buy for Sapura Energy, FV 50c

KUALA LUMPUR: AmInvestment Research is maintaining its BUY call on Sapura Energy (Sapura) with an unchanged fair value of 50 sen a share, based on a 40% discount to its book value of 87 sen a share which implies an FY22F PE of 30 times, within the group’s five-year peak.

AmInvest Research retains Buy on Maybank, FV RM9.80

KUALA LUMPUR: AmInvestment Research maintained its Buy call on Malayan Banking (Maybank) with an unchanged fair value of RM9.80 a share.

Upward momentum of oil and gas sector seen continuing

AmInvest Research retains Buy on Leong Hup, FV RM1.04

KUALA LUMPUR: AmInvestment Research maintained its Buy call on Leong Hup International (LHI) with a lower fair value of RM1.04 a share.

AmInvest Research still sees tough times for Pos Malaysia

KUALA LUMPUR: AmInvestment Research sees headwinds continuing to impact Pos Malaysia amid the competitive landscape while a potential tariff hike, if it happens, will only be a temporary relief.

AmInvest Research retains Hold for Petronas Gas, FV RM15.35

KUALA LUMPUR: AmInvestment Research retained its Hold call for Petronas Gas (PGas) with an unchanged sum-of-parts-based (SOP) fair value of RM15.35 a share, which implies an FY19F price-to-earnings (PE) of 16 times.