RHB RESEARCH INSIGHTS – PICK OF THE DAY: FELDA GLOBAL VENTURES

RHB RESEARCH INSIGHTS – PICK OF THE DAY: FELDA GLOBAL VENTURES

 

RHB
OSK

Friday, 29 November 2013

Bursa Malaysia Trade Statistics – 28 Nov 2013
Participation

(%)

Bought

(RM m)

Sold

(RM m)

Net

(RM m)

Institutions 53.7 746.1 703.6 42.5
Retail 30.4 406.5 414.6 -8.1
Foreign 15.9 198.1 232.5 -34.4
Total 100.0 1,350.7 1,350.7 0.0
Source: theSundaily – Business
Daily Recommendations
hold hold FAIR VALUE MYR 7.51 Bintulu Port
hold hold FAIR VALUE MYR 4.11 Genting Malaysia
buy buy FAIR VALUE MYR 0.96 Catcha Media
buy buy FAIR VALUE MYR 4.90 Felda Global Ventures
hold hold FAIR VALUE MYR 6.55 Axiata Group
Featured Reports
Felda Global Ventures – Looking Forward To a More Fruitful 2014
buy FAIR VALUE: MYR 4.90

At its results briefing, FGV pinpointed the main reasons for the lower-than-expected profits from its plantation division in 3Q13, as well as highlighted that earnings disclosure would be much more transparent come Jan 2014, when it completes the acquisition of FHB. We maintain our BUY recommendation, with a MYR4.90 FV, as we expect the acquisition to also enhance earnings. ¨ Key highlights: i) FGV explained the reasons for…

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Latest Reports for the Day
Bintulu Port – Rising Above Expectations

Bintulu Port (BPH)’s 9MFY13 earnings came in stronger than we expected. A higher number of LNG calls boosted revenue growth while lower…

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Genting Malaysia – Largely In Line

Genting Malaysia (GENM)’s 9MFY13 core profit of MYR1.29bn was largely in line with both consensus and our estimates. Key highlights include…

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FBM KLCI – 29 November 2013

Yesterday’s nearly 10 pts gains led the FBM KLCI to close beyond the peak point of Tuesday’s long upper shadow line…

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Genting Berhad – Within Expectations

Genting’s 9MFY13 core earnings of MYR1.51bn were within both consensus and our expectations, at 75.4% and 73.3% of the full-year estimates respectively…

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Catcha Media – Awaiting Better Days

Catcha Media (CHM)’s 9MFY13 core net loss of MYR5.9m was weaker than we expected but this was mainly due to losses from the e-commerce…

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Felda Global Ventures – Looking Forward To a More Fruitful 2014

At its results briefing, FGV pinpointed the main reasons for the lower-than-expected profits from its plantation division in 3Q13, as well as…

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