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Mayban Securities | Inter-Pacific Research Sdn Bhd | CIMB Securities
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Mayban Securities
All research from Mayban Securities |
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COMMENT ON NEWS - 19 MARCH 2010
19.03.2010 - 10:17 AM (GMT+8)
EON Capital RM6.90: Hold - Busy at the Boardroom
Board size downsized. The resignation of four non-executive directors at EON Capital is not unexpected and will reduce its boardroom size to 10 members. We expect a shareholders meeting to be called next by the new board to approve the sale of assets of liabilities of the group.
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RESULT REVIEW - 19 MARCH 2010
19.03.2010 - 10:16 AM (GMT+8)
S P Setia RM4.15: Hold - All positives priced-in
Results in line. Seasonally weaker 1QFY10 net profit (ex-land disposal gain) of RM38m (+23% YoY, -22% QoQ) was 19% of our and consensus full-year estimates. We expect earnings to catch up in sequential quarters given current unbilled sales of RM1.5b (Feb 2010) or 1x FY09 development revenue.
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MORNING CALL TECHNICAL - 19 MARCH 2010
19.03.2010 - 10:15 AM (GMT+8)
The FBM KLCI slipped 0.01 points to close at 1,301.94. Its resistance areas at 1,301 and 1,330 will cap market gains, whilst the weaker support areas for the FBM KLCI are located at 1,280 and 1,298. Despite the Dow's rise of 45.50 points, we expect the FBM KLCI to remain sluggish for today on profit taking. Our stock pick for today is a technical "FIRM BUY" call on HAIO.
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Inter-Pacific Capital Sdn Bhd
All research from Inter-Pacific Capital Sdn Bhd |
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DAILY CORPORATE NEWS - 19 MARCH 2010
19.03.2010 - 10:11 AM (GMT+8)
'Private' offer boosts Astro price
As expected, Astro All Asia Networks plc's share price jumped almost 19% yesterday after its major shareholder offered to take it private at RM4.30 per share. The counter jumped 67 sen to close at RM4.23, its highest in two years, making it the top gainer and most active counter on Bursa Malaysia.
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COMPANY UPDATE - 18 MARCH 2010
18.03.2010 - 10:11 AM (GMT+8)
Pos Malaysia Bhd - Target Price RM2.12
KPI: Pos Malaysia Bhd (Pos) announced their Key Performance Index (KPI) targets for FY10. FY10 revenue is projected at RM930mn or 3% y/y growth driven by strategic alliances with other postal operators and global integrators, higher sales of motor insurance and new financial services offered.
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DAILY CORPORATE NEWS - 18 MARCH 2010
18.03.2010 - 10:09 AM (GMT+8)
Astro to go private at RM4.30 a share
T. Ananda Krishnan, Khazanah Nasional Bhd and partners have offered to buy out minority shareholders of Astro All Asia Networks plc in a cash deal that values the pay-television operator at RM8.5 billion. Shareholders stand to get RM4.30 for each share held, which is a 21 per cent premium to the stock's last traded price of RM3.56.
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