RHB RESEARCH INSIGHTS – PICK OF THE DAY: BUMI ARMADA

RHB RESEARCH INSIGHTS – PICK OF THE DAY: BUMI ARMADA

 

RHB
OSK

Wednesday, 04 December 2013

Bursa Malaysia Trade Statistics – 03 Dec 2013
Participation

(%)

Bought

(RM m)

Sold

(RM m)

Net

(RM m)

Institutions 64.5 1,434.2 1,346.5 87.7
Retail 13.1 269.5 295.4 -25.9
Foreign 22.4 452.3 514.1 -61.8
Total 100.0 2,156.0 2,156.0 0.0
Source: theSundaily – Business
Daily Recommendations
buy buy FAIR VALUE MYR 4.50 Bumi Armada
buy buy FAIR VALUE MYR 1.36 Glomac
Featured Reports
Bumi Armada – Ending FY13 On a High Note
buy FAIR VALUE: MYR 4.50

has secured contracts to provide three newbuild vessels to service Lukoil’s offshore platforms in the Filanovsky field in CaspianSea for a period of 10 plus 20 years. We maintain our BUY call, with a higher SOP-based FV of MYR4.50 (from MYR4.40) to reflect thecontribution of these contracts. We expect the Kraken FPSO contract to be earnings accretive when the relevant details are disclosed.  Three new vessels contracted to…

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Latest Reports for the Day
Banks – A Respectable Quarter Despite Macro Headwinds

The recent 3QCY13 reporting period turned out to be a respectable quarter for the banks, with sector net profit rising 9% q-o-q (+8% y-o-y). While…

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Telecommunications – Coming To Terms With OTT

The 3Q13 results of the Asean four telco markets were characterised by acute voice pressure and continued challenges in monetising data. A…

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Bumi Armada – Ending FY13 On a High Note

has secured contracts to provide three newbuild vessels to service Lukoil’s offshore platforms in the Filanovsky field in CaspianSea for a…

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Glomac – Started Feeling The Pinch

Glomac’s 2QFY14 results were in line with expectations. New property sales growth, however, are getting sluggish. Management revises down…

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FBM KLCI – 4 December 2013

A “Long Leg Doji” Created When the KLCI was trading with gains of nearly 22 pts at yesterday’s intraday high,…

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FKLI & FCPO – 4 December 2013

FKLI: A “Shooting Star” Created Maintain long positions despite bearish reversal sign. At one …

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