- Mild 2.3% hike in gas price has limited impact to bottomlines.
- Players are raising efficiency to counter future energy hikes.
- Maintain Overweight with Kossan as our top pick.
Kossan Rubber Industries: Maintain Buy
A safe haven Shariah-compliant |
- Ebola-led orders limited to just a small fraction of business for now.
- A defensive, high-growth stock with DY of 2+%.
- BUY with an unchanged TP of MYR5.00 (17x FY15 PER).
Pavilion REIT: Maintain Buy
Earnings uptrend intact |
- 9M14 core net profit of MYR175m (+10% YoY) was in line.
- We like PavREIT for its superior asset quality.
- Maintain earnings forecasts, DCF-based TP of MYR1.52. BUY.
Technical: Poised For The Next Growth Phase
The FBMKLCI rose 3.23 points to 1,842.78 yesterday and the FBMEMAS and FBM100 gained 39.00 points and 33.74 points respectively. In terms of market breadth, the gainer-to-loser ratio was 515-to-334 while 294 counters were unchanged. 1.88b shares were traded, valued at MYR2.15b.
Today's trading idea is a Short-Term BUY CALL on KSL with target price of MYR4.62 and MYR5.52. |
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