Research Summary: 16 July 2014

Research Summary: 16 July 2014

Research House	Type	Company/Sector	Report Title	Rating/Call	Target
RHB	Company update	Westports	Throughput growth is on track	Buy	RM3.23
RHB	IPO Note	Tanah Makmur	Growing into prosperity	Not rated	N/A
CIMB	Company visit	Titijaya Land	Shooting for the stars	Not rated	N/A
CIMB	Flash note	Genting Malaysia	GITP moving fast	Add	RM5.70
Maybank	Feature	Heng Huat Resources	Turning waste to gold	Not rated	N/A
Maybank	Company update	AirAsia	Trading on the cheap, BUY	Buy	RM2.65
Maybank	Company update	TSH Resources	Acquiring greenfield land	Hold	RM3.40
Maybank	Technical	Media		Take profit
Kenanga	Quick bites	TSH Resources	Expanding plantation landbank	Outperform	RM4.30

Research Summary: 10 July 2014

Research Summary: 10 July 2014

Research House	Type	Company/Sector	Report Title	Rating/Call	Target
RHB	Sector update	Timber	Watch out for dry weather impact	Overweight
RHB	Sector update	Auto	Bumpy road ahead	Neutral
RHB	Eco highlights	Economic	Industrial Production rose in May, but Real GDP growth will likely grow at a more moderate pace in the 2Q
RHB	Eco highlights	Economic	Manufacturing sales weakened in May, as demand conditions softened
Maybank	Company update	UMW O&G	Maiden contract in Myanmar	Buy	RM5.15
Maybank	Company update	TSH Resources	Diligent planter	Hold	RM3.40
Maybank	Eco highlights	Economic	Figuring out “financial imbalances”
Maybank	Technical	Tecnic		Short-term buy
CIMB	Flash note	Prestariang	Money makes more money?	Add	RM2.53
CIMB	Flash note	UMW O&G	Take five? Not for this jack-up	Add	RM5.18
CIMB	Company note	Eco World	Property mover and shaker	Add	RM8.15
CIMB	Sector note	Plantations	NBPOL appeals to the suitors	Neutral
Kenanga	On radar	SCGM	Near-term catalysts priced in	Take profit	RM1.54
Kenanga	IPO Note	Tanah Makmur	Good value in flourishing planter	Not rated	RM1.60

Research Summary: 7 July 2014

Research Summary: 7 July 2014

Research House	Type	Company/Sector	Report Title	Rating/Call	Target
CIMB	Sector update	Aviation	Who benefits and who loses from new LCC terminals?	Neutral
CIMB	IPO Note	Tanah Makmur	Prosperous land		RM1.88
CIMB	Flash note	MPI	Exciting times ahead	Add	RM7.00
CIMB	Flash note	E&O	Elmina land acquisition finalized	Add	RM3.06
CIMB	Flash note	Sime Darby	Sells 135 acres of land to E&O	Hold	RM9.85
CIMB	Eco update	Economic	May exports expand 16.3% yoy
Kenanga	Quick bites	Sime Darby	Unlocking asset value	Outperform	RM10.50
Kenanga	Company update	Asia Brands	Expanding cautiously	Market perform	RM4.05
Kenanga	Company update	MPI	Positioned well for next growth wave	Outperform	RM6.03
Kenanga	Eco viewpoint	Economic	Exports increased by 16.3%, imports by 11.9% in May
RHB	Sector Update	Banks	OPR hike mildly positive for banks	Neutral
RHB	Company update	E&O	First wellness township in the Klang Valley	Buy	RM3.60
RHB	News flash	Sime Darby	First collaboration with E&O in Elmina West	Neutral	RM10.40
RHB	News flash	Inari	Surprise cash call	Buy	RM3.49
RHB	Eco highlights	Economic	Supplementary budget but deficit target likely be met
RHB	Eco highlights	Economic	Export growth moderated in May, but remained strong
Maybank	Sector update	Banking	Short-term positive price reaction?	Neutral
Maybank	Company update	Sime Darby	Partners E&O at Elmina Estate	Buy	RM10.30
Maybank	Eco update	Econimic	External trade May 2014: So far so good
Maybank	Technical	Ulicorp		Short-term buy