Bread and butter in Malaysia. Management expects the local market to remain stable in CY2010 and highlighted that the near-term growth for Malaysia may not be as attractive as Thailand or Indonesia, given greater competition.
Zhulian Berhad : Expanding Its Presence In South-east Asia - 21/7/2010
Showing posts with label Zhulian. Show all posts
Showing posts with label Zhulian. Show all posts
Wednesday, July 21, 2010
Corporate Highlights - 21/7/2010
♦ M’sian Resources Corp
Visit Note : Actively “Assisting” EPF In Drawing Up Trading Buy Masterplan For RRI Land
♦ Zhulian
Visit Note : Expanding Its Presence In South-east Asia - Not Rated
Corporate Highlights - 21/7/2010
Visit Note : Actively “Assisting” EPF In Drawing Up Trading Buy Masterplan For RRI Land
♦ Zhulian
Visit Note : Expanding Its Presence In South-east Asia - Not Rated
Corporate Highlights - 21/7/2010
RHB Equity 360° - 21 July 2010 (MRCB, Motor, Public Bank, Digi, MISC, Zhulian; Technical: MyEG)
Visit Note
- MRCB is actively “assisting” parent Employees Provident Fund (EPF) in drawing up the masterplan for the 3,300-acre Rubber Research Institutue (RRI) land in Sungai Buloh.
- The race for the 150-acre Federal land along Jalan Cochrane has now been thrown wide open as it appears that the Government may auction the land.
- The key KL Sentral components currently under construction, i.e. CIMB Tower (Lot A), Nu Sentral, hotel & office towers (Lot G), GSB Sentral (Lot 348) and KL Sentral Park (Lot E) are progressing well.
- FY12/10-12 net profit forecasts are reduced by 5-16% largely to reflect slower profit recognition from certain external construction jobs as well as slower construction orderbook replenishment.
- Fair value is reduced by 7% from RM2.10 to RM1.96. Maintain Trading Buy.
RHB Equity 360° - 21 July 2010 (MRCB, Motor, Public Bank, Digi, MISC, Zhulian; Technical: MyEG)
- MRCB is actively “assisting” parent Employees Provident Fund (EPF) in drawing up the masterplan for the 3,300-acre Rubber Research Institutue (RRI) land in Sungai Buloh.
- The race for the 150-acre Federal land along Jalan Cochrane has now been thrown wide open as it appears that the Government may auction the land.
- The key KL Sentral components currently under construction, i.e. CIMB Tower (Lot A), Nu Sentral, hotel & office towers (Lot G), GSB Sentral (Lot 348) and KL Sentral Park (Lot E) are progressing well.
- FY12/10-12 net profit forecasts are reduced by 5-16% largely to reflect slower profit recognition from certain external construction jobs as well as slower construction orderbook replenishment.
- Fair value is reduced by 7% from RM2.10 to RM1.96. Maintain Trading Buy.
RHB Equity 360° - 21 July 2010 (MRCB, Motor, Public Bank, Digi, MISC, Zhulian; Technical: MyEG)