CIMB Group; Hold; RM7.91
Price target: RM8.20 (prev RM7.60); CIMB MK
Outlook remains cautious
2Q12/1H12 results were within our and consensus expectations; led by lower provisions. Lower DPS payoutfor 1H12. Maintain Hold; TP raised to RM8.20.

Perisai Petroleum; Buy; RM0.95
Price target: RM1.20; PPT MK
Still going strong
2Q12 result was within expectations. Solid contribution from all vessels. Maintain BUY rating and RM1.20 TP.

WCT; Buy; RM2.54
Price target: RM3.75; WCT MK
Strong property earnings
2Q12 in line, driven by a surge in property earnings. Strong RM1.1bn wins YTD, more wins to come. Maintain BUY rating and RM3.75 TP, based on SOP.

APM Automotive; Buy; RM5.00
Price target: RM5.60; APM MK
Lifted by higher TIV
2Q12 net profit grew 5.2% y-o-y to RM29.5m, within expectation. Earnings lifted by Interior & Plastics segment due to higher TIV. Declared 7.5 sen interim net DPS. Maintain BUY rating and RM5.60 TP; net cash at RM1.82/share.

Petronas Gas; Buy; RM19.92
Price target: RM22.00 (prev RM19.70); PTG MK
Positive momentum
1H12 profit lifted by income from Gas Malaysia IPO; results within our and market expectations. May announce new regas plant in Johor soon. Rising gas demand and strong balance sheet support future growth; maintain BUY with higher RM22.00 TP.

Source: HwangDBS Research - 16 August 2012