OSK Daily Research: Pick of the day – Kuala Lumpur Kepong

 

OSK188 Daily Research News

Fri, 05 October 2012

RECOMMENDATIONS

5014 Malaysia Airports Holdings
0047 Perisai Petroleum Teknologi
7036 Borneo Oil
4456 Time Engineering
6742 YTL Power International
9393 Industronics
7064 Latexx Partners
7082 SYF Resources

Malaysia Airports Holdings

MAH may rebound

Airport may rebound after closing at its three-month high. A purchase can be made above RM5.70, with a close below the recent low of RM5.55 as a stop-loss …. [read more]

Perisai Petroleum Teknologi

Perisai’s rally may continue

Perisai’s rally may continue after closing above the seven-month resistance of RM0.965. A position can be initiated above the level, or otherwise above RM1.00, …. [read more]

Borneo Oil

BornOil may rebound

BornOil may rebound after holding above the RM0.40 support level. A purchase can be made above the level, with a close below it as a stop-loss …. [read more]

Time Engineering

Time may rally further

Time may rally further after closing above the 200-day MAV line yesterday. A purchase can be made above yesterday’s low of RM0.31, with a close below RM0.30 as a stop-loss …. [read more]

YTL Power

YTL Power may decline

YTL Power may decline after it fails to find support at RM1.65. A position can be exited on a close below RM1.65, with supports expected at RM1.54 and RM1.45 …. [read more]

Industronics

Itronic may fall

Itronic may fall after heavy trade failed to lift the stock higher. A position can be exited on a close below RM0.64, while supports are seen at RM0.55 and RM0.50 …. [read more]

Latexx Partners

Latexx may resume

Latexx may resume its rebound after a firmer close yesterday. A purchase can be made above RM1.70, with a close below the recent low of RM1.64 as a stop-loss …. [read more]

SYF Resources

SYF’s rebound should resume

SYF’s rebound should resume after yesterday’s “Long White Day”. A position can be initiated above RM0.68, with a close below RM0.64 as a stop-loss …. [read more]

KEY REPORTS

Kuala Lumpur Kepong (FV RM27.00 – BUY) Corporate News Flash: Hello PNG! KLK is purchasing a 51% stake in 44,342 ha of greenfield plantation land in Papua New Guinea (PNG) for a consideration of RM26.9m. Its parent company, Batu Kawan, will take up an 18% stake in the venture …. [read more]

TECHNOLOGY (NEUTRAL) Sector Update: Good Pickings Amid The Gloom: As we approach the upcoming 3QCY12 results season, we examine some of the global technology industry’s key indicators and assess their potential impact on technology manufacturers under our coverage. We also see the gloom in the global PC market in 2H shrouding the HDD industry. That said, the global semiconductor market would also see sub-par numbers. Despite the bleak outlook, we are retaining our NEUTRAL call on the sector in view of the inexpensive valuation of the stocks under our coverage …. [read more]

TECHNICAL ANALYZER: WTI Crude Futures – USD90 Support Holding Firm …. [read more]

TECHNICAL ANALYZER: FBM KLCI – Surprising Breakout …. [read more]

TECHNICAL ANALYZER: FKLI – Breakout Confirmed / FCPO – FCPO’s daily chart …. [read more]

NEWS HIGHLIGHTS

Astro IPO at RM3 per share

Petronas not invited to stabilization fund talks

Government plans to cut corporate tax

KLK plans investment in Papua New Guinea

Life insurance business set to grow by 9% – 10% next year

Poram says proposed lowering of CPO export duty falls short of expectations

ECONOMIC HIGHLIGHTS

China: PMI for services slides to 2-year low

UK: House prices decline for a third month on ‘weak’ economy

EU: ECB holds interest rates

US: Consumer confidence in US climbs for a sixth week

US: Initial jobless claims in US increase from two-month low

OSK188

OSK Research Guide to Investment Ratings
Buy: Share price may exceed 10% over the next 12 months
Trading Buy: Share price may exceed 15% over the next 3 months, however longer-term outlook remains uncertain
Neutral: Share price may fall within the range of +/- 10% over the next 12 months
Take Profit: Target price has been attained. Look to accumulate at lower levels
Sell: Share price may fall by more than 10% over the next 12 months
Not Rated (NR): Stock is not within regular research coverage

Trading disclaimer: All research is based on material compiled from data considered to be reliable at the time of writing. However, information and opinions expressed will be subject to change at short notice, and no part of this report is to be construed as an offer or solicitation of an offer to transact any securities or financial instruments whether referred to herein or otherwise. We do not accept any liability directly or indirectly that may arise from investment decision-making based on this report. The company, its directors, officers, employees and/or connected persons may periodically hold an interest and/or underwriting commitments in the securities mentioned. All Rights Reserved. No part of this publication may be used or re-produced without expressed permission from OSK Research. Published and printed by :- OSK RESEARCH SDN. BHD. (206591-V) (A wholly-owned subsidiary of OSK Investment Bank Berhad)