1.16 today. 1.2-1.25 next week?

18 sen not 11.5 pls.

8 sen not 6 sen pls.

4 today or next week? RM 4 come then can talk higher.

If BN no money to support media companies money let Pakatan takeover. No GST good for everyone.

1 lot buy how to move?

88 sen Kenanga TP pls not drop.

Not ask RM 7 like in 2014 why RM 5 also susah?

Dr Ting Chew Peh please ask KWAP to buy HuaYang. Push to RM 1.5.

48 pls.

BN to surrender in GE 14?

1.2 lagi cantik.

RM 2 next week?

M3 Tech moving. XOX next? Time to collect more.

18 sen by Oct-Nov'17 pls.

88 sen by Oct-Nov 17?

88 sen by GE 14 pls.

42 sen pls.
https://klse.i3investor.com/servlets/ptg/5255.jsp

Affin Bank TP RM 1.66.

Petra Energy - A permanent relief
Date: 18/05/2017

Source : Affin Hwang Capital
Stock : PENERGY Price Target : 1.66 | Price Call : BUY
Last Price : 0.995 | Upside/Downside : +0.665 (66.83%)

Back

Petra Energy (PENB) returns to the black after posting 4 consecutive quarters of headline losses. The turnaround was driven by the higher remuneration fee recognised from Kapal, Banam and Meranti (KBM) RSC and higher other operating income in this quarter. In the latest edition of The Edge Weekly, it was reported that PENB is one of the shortlisted companies for the upcoming maintenance, construction and modification (MCM) contract which is expected to be awarded by early 3Q17. This will likely be a nearterm catalyst for the stock. We upgrade our target price to RM1.66 (from RM1.25) on a strong conviction that the company is on track to turn around its business in 2017 as work orders on the Pan Malaysia hook-up commissioning (HuC) and topside major maintenance (TMM) contract looks to improve. Maintain BUY.

Headline Profit Returned to Black
Despite reporting a 38.5% yoy lower revenue, PENB delivered a turnaround in headline profit of RM5.3m. After adjusting for a RM0.6m unrealised forex gain, PENB booked a core net profit of RM4.7m (vs a loss of RM3m in 1Q16), in line with our full-year expectation. One of the main reasons behind the positive result was the higher remuneration fee recognised as a result of higher lifting prices and a spillover effect in terms of production offtake. Besides that, other operating income increased from RM0.8m in 1Q16 to RM8m in 1Q17 due to an insurance claim received for a repair work completed back in 2016.

Sequential Improvement
Sequentially, revenue increased 14.1% while core net profit went into positive territory versus a loss of RM28m in 4Q16. KBM’s RSC profit increased 91.7% qoq to RM15.1m supported by higher lifting prices and a spillover effect from the previous quarter in terms of production offtake. As mentioned above, other operating income also resulted in a qoq improvement in core net profit.

On Track to Turning Around
While we deem the results broadly in line with our expectation, we tweak our 2017-19E earnings slightly by -RM1.5m/-RM4m/+RM4m as we mainly fine-tune the capital spending assumptions in our RSC model. Due to the low bases, the changes in percentage terms are 5% and 7% lower respectively for 2017E and 2018E, but 7% higher for 2019E. Our RSC forecasts are premised on the assumption of a crude price of US$55/bbl in 2017E and USD60/bbl from 2018E onwards.

Small Cap Top Pick; Reiterate BUY With Higher TP
We reiterate our BUY call and revise our SOTP-derived 12-month TP to RM1.66 (from RM1.25) as we raise our EV/EBITDA valuation multiple on the O&G services segment to 9x (from 5x), which is in line with its 5-year forward mean. We believe a re-rating of PENB is justified as its valuation will revert closer to mean as its services business turns around. We also believe that operating conditions are returning to normal, thereby justifying a mean valuation.

Risks to Our Call
Decline in oil prices leading to lower RSC contribution, and delay in existing HuC work orders.

Source: Affin Hwang Research - 18 May 2017
https://klse.i3investor.com/servlets/ptres/40431.jsp

PublicInvest TP RM 5.4.

AMMB - Business As Usual
Date: 25/08/2017

Source : PUBLIC BANK
Stock : AMBANK Price Target : 5.40 | Price Call : TRADING BUY
Last Price : 4.31 | Upside/Downside : +1.09 (25.29%)

Back

The Group has started off its new financial year on a relatively subdued note, though 1QFY18 net profit of RM328.3m (+1.6% YoY, -2.2% QOQ) came in within expectations, making up 23.3% of our and consensus full-year estimates. No particular surprises were seen its operational numbers, as higher net interest income (+8.4% YoY) was driven by improved lending growth. The recent breakdown in merger talks has been a dampener on share price performance, likely due to concerns over reported contingent liability-related issues which management has duly refuted as normal in its ordinary course of business. While still early days, the Group is starting to see some momentum in its Top 4 growth aspirations. We retain our Trading Buy on AMMB Holdings for its medium-term earnings prospects, with an unchanged target price of RM5.40. We see it as a buy for the longer-term given the relatively lower base it is coming from given recent years’ of balance sheet de-risking, pockets of weakness notwithstanding.

Loans growth (+6.6% YoY, +2.0% QoQ) picked up pace during the quarter largely due to on-going expansion in its mortgage segment (+21.9% YoY, +4.7% QoQ). Management’s improved outlook on the country’s economic growth is reflected in business-related loans (working capital) growing 3.5% QoQ. Once the largest provider of hire purchase loans (-6.9% YoY, -1.3% QoQ), the Group now only has an estimated 11+% market share.
Net interest margin (NIM) slipped 4bps to 2.02% on a QoQ basis largely due to a hike in funding costs during the quarter. Portfolio rebalancing and asset re pricing efforts saw margins improve 6bps though tempered by pressures in the retail segment (in both the asset and liability space) which set NIMs back 10bps. We remain wary over the competitive space the Group is headed into as part of its transformative process, one which various other financial groups are similarly targeting in their own aspirations, hence the higher possibilities of limited successes though we are cautiously optimistic.
While management continues to stress that there are no significant signs of stress in the formation of new non-performing loans as most, if not all, are sufficiently collateralized, we are slightly troubled over its vulnerabilities to big-ticket exposures which are being highlighted as causes the recent asset quality travails. The incidence of a huge RM612.2m in new non-performing loans in 4QFY17 has been followed up with RM449.7m this current 1QFY18, with a notable increase in the manufacturing sector.
Source: PublicInvest Research - 25 Aug 2017
https://klse.i3investor.com/servlets/ptres/41803.jsp

RM 5 in Sep or Oct?