◆ The headline inflation rate eased 1.8% yoy in September, from +2.1% in August. This was the first easing
after six consecutive months of picking up, suggesting that price pressure has eased somewhat and the impact from
the Government’s move to increase fuel and sugar prices in mid July has fizzled out. Also, the sharp appreciation
of the ringgit in recent months might have contributed to a more moderate increase in inflation during the month.
The slowdown was reflected in slower increases in food & non-alcohol beverage prices and the core inflation
rate.
Economic Highlights - Inflation Unexpectedly Eased In September - 25/10/2010
Monday, October 25, 2010
Hunza Properties Berhad : Headline Net Profit Skewed by EIs - 25/10/2010
♦ Slightly below expectations. Hunza’s 1QFY11 estimated core net profit
of RM12.5m (-1.8% yoy; -10.4% qoq) came in slightly below our
expectation by 6% but in line with consensus estimate. Sequential
turnover fell 12.4%, continued to be underpinned by progressive billings
from the two residential towers of Gurney Paragon. Headline net profit of
RM34.7m, however, was skewed by an exceptional item, mainly made up
of a revaluation surplus amounted to RM22.1m arising from Gurney
Paragon mall, office and a piece of land. As expected, no dividend was
declared in 1QFY11.
Hunza Properties Berhad : Headline Net Profit Skewed by EIs - 25/10/2010
of RM12.5m (-1.8% yoy; -10.4% qoq) came in slightly below our
expectation by 6% but in line with consensus estimate. Sequential
turnover fell 12.4%, continued to be underpinned by progressive billings
from the two residential towers of Gurney Paragon. Headline net profit of
RM34.7m, however, was skewed by an exceptional item, mainly made up
of a revaluation surplus amounted to RM22.1m arising from Gurney
Paragon mall, office and a piece of land. As expected, no dividend was
declared in 1QFY11.
Hunza Properties Berhad : Headline Net Profit Skewed by EIs - 25/10/2010
Corporate Highlights - 25/10/2010
♦ QL Resources
Visit Note : Expansions To Start Contributing From
FY12 Onwards
♦ Wah Seong
Company Update : Gladstone and Curtis LNG Projects Contract
Get Environmental Green Light
Corporate Highlights - 25/10/2010
Visit Note : Expansions To Start Contributing From
FY12 Onwards
♦ Wah Seong
Company Update : Gladstone and Curtis LNG Projects Contract
Get Environmental Green Light
Corporate Highlights - 25/10/2010
Commodities & Currencies - Yet Another Sign Of A Rebound On The Greenback… - 25/10/2010
Light Sweet Crude Oil futures (Crude)
♦ After registering an “evening star” candle and a negative candle in the previous weeks, the US Light Sweet Crude Oil futures continued to move lower last
week. It recorded another small negative candle.
Commodities & Currencies - Yet Another Sign Of A Rebound On The Greenback… - 25/10/2010
♦ After registering an “evening star” candle and a negative candle in the previous weeks, the US Light Sweet Crude Oil futures continued to move lower last
week. It recorded another small negative candle.
Commodities & Currencies - Yet Another Sign Of A Rebound On The Greenback… - 25/10/2010
RHB Equity 360°- 25 October 2010 (QL, Wah Seong, Hunza; Technical: TSH, LBS)
Visit Note
- QL is in the midst of constructing its 13ha Breeder and 17ha Layer plant in Cianjur district, located approximately 2 hours from Jakarta. The plant is expected to contribute 12m day old chicks/year by end FY11 and 1m eggs/day by end FY12.
RHB Equity 360°- 25 October 2010 (QL, Wah Seong, Hunza; Technical: TSH, LBS)
- QL is in the midst of constructing its 13ha Breeder and 17ha Layer plant in Cianjur district, located approximately 2 hours from Jakarta. The plant is expected to contribute 12m day old chicks/year by end FY11 and 1m eggs/day by end FY12.
RHB Equity 360°- 25 October 2010 (QL, Wah Seong, Hunza; Technical: TSH, LBS)
Friday, October 22, 2010
Telecommunications Sector Update : Sizing Up The Pure Mobile Domestic Players – Maxis vs. DiGi - 22/10/2010
♦ Comparing green apple to yellow apple. In this report, we make a
comparison between the only two purely domestic focused mobile operators
in Malaysia, i.e. Maxis and DiGi.
Telecommunications Sector Update : Sizing Up The Pure Mobile Domestic Players – Maxis vs. DiGi - 22/10/2010
comparison between the only two purely domestic focused mobile operators
in Malaysia, i.e. Maxis and DiGi.
Telecommunications Sector Update : Sizing Up The Pure Mobile Domestic Players – Maxis vs. DiGi - 22/10/2010
Mandarin Version : Market Technical Reading - Fresh Opportunity To Retest 1,500... - 22/10/2010
Local Market Leads:
♦ Share prices in Bursa Malaysia edged higher on Thursday, after a rally in the overnight Wall Street and further
rebound in most of the regional markets lifted sentiment in the local bourse.
♦ Despite a cap by renewed profit-taking activities and news that China’s 3Q GDP growth has slowed to 9.6% yoy
from 2Q’s 10.3%, the local market slowly regained its buying momentum towards the closing after the regional
markets’ sentiment improved in late afternoon.
Mandarin Version : Market Technical Reading - Fresh Opportunity To Retest 1,500... - 22/10/2010
♦ Share prices in Bursa Malaysia edged higher on Thursday, after a rally in the overnight Wall Street and further
rebound in most of the regional markets lifted sentiment in the local bourse.
♦ Despite a cap by renewed profit-taking activities and news that China’s 3Q GDP growth has slowed to 9.6% yoy
from 2Q’s 10.3%, the local market slowly regained its buying momentum towards the closing after the regional
markets’ sentiment improved in late afternoon.
Mandarin Version : Market Technical Reading - Fresh Opportunity To Retest 1,500... - 22/10/2010
Market Technical Reading - Fresh Opportunity To Retest 1,500... - 22/10/2010
Local Market Leads:
♦ Share prices in Bursa Malaysia edged higher on Thursday, after a rally in the overnight Wall Street and further
rebound in most of the regional markets lifted sentiment in the local bourse.
♦ Despite a cap by renewed profit-taking activities and news that China’s 3Q GDP growth has slowed to 9.6% yoy
from 2Q’s 10.3%, the local market slowly regained its buying momentum towards the closing after the regional
markets’ sentiment improved in late afternoon.
Market Technical Reading - Fresh Opportunity To Retest 1,500... - 22/10/2010
♦ Share prices in Bursa Malaysia edged higher on Thursday, after a rally in the overnight Wall Street and further
rebound in most of the regional markets lifted sentiment in the local bourse.
♦ Despite a cap by renewed profit-taking activities and news that China’s 3Q GDP growth has slowed to 9.6% yoy
from 2Q’s 10.3%, the local market slowly regained its buying momentum towards the closing after the regional
markets’ sentiment improved in late afternoon.
Market Technical Reading - Fresh Opportunity To Retest 1,500... - 22/10/2010
RHB Equity 360° - 22 October 2010 (Telecom, MAHB, Fajarbaru; Technical: B-Corp)
Sector Update
- In this report, we make a comparison between the only two purely domestic focused mobile operators in
Malaysia, i.e. Maxis and DiGi.
- We find that Maxis is ahead in: (1) subscriber and revenue market share; (2) EBITDA margins; (3) postpaid
ARPU; (4) 3G network population coverage; and (5) non-voice contribution.
RHB Equity 360° - 22 October 2010 (Telecom, MAHB, Fajarbaru; Technical: B-Corp)
- In this report, we make a comparison between the only two purely domestic focused mobile operators in
Malaysia, i.e. Maxis and DiGi.
- We find that Maxis is ahead in: (1) subscriber and revenue market share; (2) EBITDA margins; (3) postpaid
ARPU; (4) 3G network population coverage; and (5) non-voice contribution.
RHB Equity 360° - 22 October 2010 (Telecom, MAHB, Fajarbaru; Technical: B-Corp)
Malaysia Airports Holdings Berhad : Sabiha-Gokcen For Long-Term Prospects - 22/10/2010
♦ Looking at longer-term prospects. In the near term, Sabiha Gokcen
International Airport (SGIA) will not significantly contribute to MAHB’s
earnings as it expects a seven to eight years gestation period. Nonetheless,
management is optimistic in the long-term terminal given its high growth
potential.
Malaysia Airports Holdings Berhad : Sabiha-Gokcen For Long-Term Prospects - 22/10/2010
International Airport (SGIA) will not significantly contribute to MAHB’s
earnings as it expects a seven to eight years gestation period. Nonetheless,
management is optimistic in the long-term terminal given its high growth
potential.
Malaysia Airports Holdings Berhad : Sabiha-Gokcen For Long-Term Prospects - 22/10/2010