RHB RESEARCH INSIGHTS – PICK OF THE DAY: OLDTOWN WHITE COFFEE

RHB RESEARCH INSIGHTS – PICK OF THE DAY: OLDTOWN WHITE COFFEE

 

 

RHB
OSK

Friday, 06 December 2013

Bursa Malaysia Trade Statistics – 05 Dec 2013
Participation

(%)

Bought

(RM m)

Sold

(RM m)

Net

(RM m)

Institutions 57.1 1,151.1 941.0 210.1
Retail 16.0 283.4 302.6 -19.2
Foreign 26.9 398.8 589.7 -190.9
Total 100.0 1,833.3 1,833.3 0.0
Source: theSundaily – Business
Daily Recommendations
buy buy FAIR VALUE MYR 3.70 IJM Land
buy buy FAIR VALUE MYR 2.28 CARiNG Pharmacy
buy buy FAIR VALUE MYR 3.36 Astro Malaysia Holdings
sell sell FAIR VALUE MYR 5.90 Maxis
buy buy FAIR VALUE MYR 2.90 OldTown
Featured Reports
OldTown – A Glimpse Of The Home Of White Coffee
buy FAIR VALUE: MYR 2.90

We attended Oldtown (OTB)’s analyst briefing and visited its new plant in Ipoh yesterday. The new plant is a modern, green building with an annual capacity of 24k tonnes to cater to the group’s expanding business. Going forward, we believe the additional capacity from this FMCG plant will drive OTB’s growth. Maintain BUY, with our FV unchanged at MYR2.90. A plant…

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Latest Reports for the Day
IJM Land – Maiden Foray Into Industrial Development

IJMLD will undertake a JV development in Kuantan, which forms part of the Kuantan Port expansion project by IJM Corp. The JV project …

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HELP International – Attractive Offer

HELP announced yesterday that it received a conditional takeover offer from Better Education Enterprise SB (BEE) to acquire its entire equity at MYR2.53/share…

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Maxis – A Period Of Transition

We met Maxis CEO Mr Morten Lundal in an informal group meeting yesterday. While Mr Lundal was upbeat on future growth prospects…

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OldTown – A Glimpse Of The Home Of White Coffee

We attended Oldtown (OTB)’s analyst briefing and visited its new plant in Ipoh yesterday. The new plant is a modern, green building with…

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CARiNG Pharmacy – Old-School Care Finds New Growth Prospects

We initiate coverage on Caring Pharmacy (CARiNG) with a BUY and MYR2.28 FV. It offers investors a play on the healthcare and …

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Astro Malaysia – In Line With Expectations

Astro Malaysia (Astro)’s 9MFY14 results came in within our and street estimates. While its revenue continued to grow strongly, high…

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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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