RHB RESEARCH INSIGHTS – PICK OF THE DAY: DATASONIC

RHB RESEARCH INSIGHTS – PICK OF THE DAY: DATASONIC

 

 

RHB
OSK

Monday, 02 Dec 2013

Bursa Malaysia Trade Statistics – 29 Nov 2013
Participation

(%)

Bought

(RM m)

Sold

(RM m)

Net

(RM m)

Institutions 49.9 749.5 771.3 -21.8
Retail 25.5 377.3 397.4 -20.1
Foreign 24.6 394.7 352.8 41.9
Total 100.0 1,521.5 1,521.5 0.0
Source: theSundaily – Business
Daily Recommendations
sell sell FAIR VALUE MYR 0.95 Gabungan AQRS
buy buy FAIR VALUE MYR 1.46 Eversendai Corp
buy buy FAIR VALUE MYR 1.30 Malaysia Steel Works (KL)
hold hold FAIR VALUE MYR 5.15 Alliance Financial Group
hold hold FAIR VALUE MYR 2.74 KKB Engineering
buy buy FAIR VALUE MYR 11.82 Datasonic
Featured Reports
Datasonic Group – 3QFY13 Earnings Trump Estimates
buy FAIR VALUE: MYR 11.82

Datasonic’s (DSON) 3QFY13 net profit of MYR23.4m trumped our previous guidance for MYR20m-MYR21m due to a lower-than-expected effective tax rate on the commencement of its passport contract, which is tax-exempt. This prompts us to revisit our model and lower our tax rate assumption, as well as upgrade our FY13F-FY15F EPS forecasts by 2.2-4.9%. Maintain BUY, with our FV lifted to MYR11.82 (from MYR11.56)….

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Latest Reports for the Day
Gabungan AQRS – 9M13 Core Net Profit Grows 17%

We cut our FY13-14 net profit forecasts by 26/20% and FV by 17% to MYR0.95 (from MYR1.15) following the release of 9M13 …

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Eversendai Corp – Down But Not Out

We maintain our BUY call, forecasts and MYR1.46 FV following an analyst briefing last Friday. Eversendai took great lengths to …

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Malaysia Steel Works – Local Steel Industry In Sweet Spot

We like MSW’s focus on steel bar production, which enjoys healthy demand growth spurred by Government measures, on top of the…

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Alliance Financial Group – Investment Income Dampener

AFG’s 2QFY14 results were muted, as challenging market conditions due to rising bond yields led to weaker investment income. That…

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KKB Engineering – Clinching MYR227m Water Pipe Order

KKB’s latest water pipe supply order worth MYR227m exceeded our original assumption of its new pipe order. However, we are still…

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Datasonic Group – 3QFY13 Earnings Trump Estimates

Datasonic’s (DSON) 3QFY13 net profit of MYR23.4m trumped our previous guidance for MYR20m-MYR21m due to a lower-than-expected…

Download PDF ( EN )

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