Sector Update
Tan Chong : Fair value raised to RM6.16/share (previously RM5.26) - Outperform
UMW : Fair value reduced slightly to RM7.50 (previously RM7.52) - Outperform
MBM : Fair value increased to RM5.31 (previously RM5.04) - Outperform
Proton : Fair value is maintained at RM5.50 based on stripped down book value - Outperform
- We believe it is now the best time to invest in local motor stocks as the motor sector is currently into its second year of a new 3-year cycle that has started in 2009.
RHB Equity 360° - 12 July 2010 (Motor, B-Toto, Mah Sing; Technical: Titan, Axiata)
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