04th October 2011
Top Story: Oil & Gas ' Taking a step back in view of global headwinds Neutral (down from OW)
Sector Update
Petronas Gas: Fair value at RM14.50 Outperform
Dialog: Fair value downgraded to RM3.26 from RM3.90 Outperform
Kencana: Fair value downgraded RM2.21 from RM2.99 Market Perform
SapuraCrest: Fair value downgraded to RM3.36 from RM4.56 Market Perform
Petronas Chemicals: Fair value downgraded to RM5.62 from RM6.37 Market Perform
Dayang: Fair value downgraded to RM1.55 Market Perform (down from OP)
Wah Seong: Fair value downgraded to RM1.87 Market Perform (down from OP)
Perdana Petroleum: Fair value downgraded to RM0.60 Market Perform (down from OP)
KNM: Fair value downgraded to RM0.70 from RM0.93 Underperform
MMHE: Fair value downgraded to RM3.93 from RM5.62 Underperform
RH Petrogas: Fair value downgraded to S$0.75 from S$1.36 Outperform
Sector Call
Semiconductor: Aug global chip sales falls 2.2% yoy Underweight
Sector Update
Unisem: Fair value at RM0.73 Underperform
MPI: Fair value at RM2.07 Underperform
Notion Vtec: Fair value at RM1.30 Underperform
Corporate Highlights
Amway: Resilient fundamentals Outperform
Visit Note
'' We recently had a meeting with management of Amway. Based on our discussions, we came out of the meeting fairly confident of the resilience of Amway's topline outlook, underpinned by a stable Core Distributor Force (CDF) recruitment drive and membership productivity.
SapuraCrest: Platform Supply Vessel contract win Market Perform
News Update
'' Yesterday, the company announced that its 50%-owned Labuan Shipyard & Engineering (LSE) had been awarded a contract by Tanjung Offshore worth RM99.5m to engineer, construct, test and deliver a 77-metres platform supply vessel. The vessel is expected to be completed within 21 months, which will contribute to Sapuracrest's FY13 earnings.
SP Setia: A bigger development in Beranang Market Perform
News Update
'' SP Setia proposed to acquire 673.27 acres of freehold land in Semenyih for RM381.3m or RM13 psf.
goran76
What stock is RH petrogas..
2011-10-05 17:11