Bursa Malaysia/KLSE Research Summary

Thursday, July 24, 2014

Research House	Type	Company/Sector	Report Title	Rating/Call	Target
RHB	Company update	Prestariang	Fully priced in for now	Neutral	RM2.34
RHB	Results review	Westports	Earnings improved on higher volume	Buy	RM3.29
RHB	News flash	AZRB	Bags MYR185m Putrajaya building/road job	Buy	RM0.96
RHB	Results review	Daibochi	Another unexciting Quarter	Take profit	RM3.75
RHB	Results review	Pantech	Margin improves but sales decline	Neutral	RM1.25
CIMB	Results note	Daibochi	Signs of stable costs	Hold	RM4.38
Maybank	Company update	Hartalega	Transitioning to higher growth; U/G to BUY	Buy	RM7.30
Maybank	Results review	Westports	Waiting for tariff revision	Buy	RM2.85
Maybank	Technical	KPS		Take profit
Kenanga	Results note	Pantech	1Q15 in-line	Outperform	RM1.23
Kenanga	Results note	Westports	2Q14 results inline	Outperform	RM3.13
Kenanga	On radar	Pintaras	Bright prospects	Trading buy	RM4.78

Research House	Type	Company/Sector	Report Title	Rating/Call	Target
RHB	Company update	SP Setia	Time to move on	Buy	RM4.08
RHB	Sector update	Auto	Auto sales pace picks up	Neutral
RHB	Company update	Perisai Petroleum Teknologi	Perisai Pacific 101 to save the day	Buy	RM2.07
RHB	News flash	WCT	Bags MYR342m RAPID roads package	Neutral	RM2.31
RHB	Results review	Maxis	Initial signs of bottoming out	Sell	RM6.00
RHB	Results review	BAT	Within expectations	Sell	RM54.80
RHB	Results review	Quill Capita	Growth still flattish	Neutral	RM1.25
CIMB	Results note	Maxis	Still not out of the woods yet	Reduce	RM6.20
CIMB	Results note	BAT	Thanks to higher selling prices	Reduce	RM58.10
Maybank	Sector update	Auto	1H14 TIV within radar	Overweight
Maybank	Results review	Maxis	Signs of stabilizing	Hold	RM7.20
Maybank	Results review	BAT	Valuations not cheap	Sell	RM62.00
Maybank	Company update	Quill Capita	Declining earnings growth	Hold	RM1.16
Maybank	Technical	Armada		Take profit
Kenanga	Results note	BAT	Within expectations	Underperform	RM64.50
Kenanga	Sector update	Auto	Slow down ahead	Neutral
Kenanga	Rusults note	Maxis	Transformation phase	Market perform	RM6.87
Kenanga	Quick bites	WCT	Bagged RAPID infra works	Market perform	RM2.32

Research House	Type	Company/Sector	Report Title	Rating/Call	Target
RHB	Company update	VS Industry	Earnings recovery on the way	Neutral	RM2.00
Maybank	Sector update	Construction, O&G	From construction to O&G	Overweight
Maybank	Technical	MMCCorp		Take profit
Kenanga	On radar	Public Packages	Attractive by industry M&A valuations	Trading buy	RM1.21
CIMB	Sector	Consumer: Brewery	Downgrade brewery to underweight	Underweight
CIMB	Sector	Consumer: Tobacco	Maintain reduce on tobacco sector	Reduce
CIMB	Sector	Consumer: F&B	Upgrade to overweight	Overweight
CIMB	Sector	Consumer: Discretionary retial	Discretionary retail – neutral	Neutral