RHB RESEARCH INSIGHTS – PICK OF THE DAY: GLOBETRONICS TECHNOLOGY

RHB RESEARCH INSIGHTS – PICK OF THE DAY: GLOBETRONICS TECHNOLOGY

 

 

RHB
OSK

Thursday, 05 December 2013

Bursa Malaysia Trade Statistics – 04 Dec 2013
Participation

(%)

Bought

(RM m)

Sold

(RM m)

Net

(RM m)

Institutions 53.4 927.5 819.1 108.4
Retail 18.9 337.4 282.0 55.4
Foreign 27.7 370.5 534.3 -163.8
Total 100.0 1,635.4 1,635.4 0.0
Source: theSundaily – Business
Daily Recommendations
buy buy FAIR VALUE MYR 3.48 Globetronics Technology
buy buy FAIR VALUE MYR 5.22 Puncak Niaga
Featured Reports
Globetronics Technology – Prospects Remain Intact
buy FAIR VALUE: MYR 3.48

We recently met with Globetronics’ management for an update and came away positive on its growth prospects. Management guided that its three core businesses (timing and quartz crystal devices (TQCD), LED components and sensor manufacturing) will continue to do well. It is working on a new sensor product – a LED sensor module scheduled to begin mass production by 2Q14. It is also targeting for more new design wins for new …

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Latest Reports for the Day
Globetronics Technology – Prospects Remain Intact

We recently met with Globetronics’ management for an update and came away positive on its growth prospects. Management guided that its…

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FBM KLCI – 5 December 2013

A Lacklustre Day The FBM KLCI spent the entire session yesterday in lacklustre mode, following the creation of the…

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Telecommunications – Good 3QCY13 But OTT a Visible Threat

We remain UNDERWEIGHT on the sector due to demanding valuations. Telcos are facing headwinds in monetising data, with traditional SMS…

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Puncak Niaga – Proposes Changes To Takeover Offer

To our disappointment, Puncak (PNH)’s management did not accept the Selangor state govt’s latest takeover offer and has …

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FKLI & FCPO – 5 December 2013

FKLI: Another Long Upper Shadow Line Created Another bearish candlestick, but maintain long positions. The FKLI created a…

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Supermax – Full Speed Ahead

We attended Supermax (SUCB)’s analysts briefing yesterday and came away feeling positive on the company’s growth prospects. …

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RHB 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

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