Astro Malaysia Holdings Bhd (Buy, TP: RM3.36)
RHB Research Institute Sdn Bhd upgraded its recommendation on Astro Malaysia Holdings Bhd to a "BUY" on June 13 with an unchanged target price of RM3.36.
"Astro kicked off FY14 with upbeat numbers, posting a 14.2 per cent jump in 1QFY14 revenue while its RM114.1 earnings met our estimates...
"We remain positive on the stock, which we upgrade to BUY, with a RM3.36 fair value," said RHB Research in its report on June 13.
The research house said that it expects "better times ahead" for Astro.
"The high expenses involved in rolling out the B.yond STBs may raise investor concerns but we still think this is necessary for the company to retain its market leadership.
"Viewers expect higher-quality content as well as a more rewarding viewing experience as the Pay TV market matures. Hence, it is important for Astro to make the first move and stay ahead of the game," it said.
DRB-Hicom Bhd (Outperform, TP: RM3.53)
PublicInvest Research maintained its outperform recommendation and target price on DRB-Hicom Bhd, after news report suggested that it has finalised the details of a tie-up between its unit Proton Holdings Bhd and Honda Motor Co.
"We view the finalisation of the collaboration between Proton and Honda as positive for DRB-Hicom as it will help Proton to increase its capacity utilisation and introduce new models to reverse its declining market share," said the research house in its report on June 14.
According to DRB-Hicom's group managing director in the Starbiz report, he said that the company is unable to disclose any details for now as they are "trade secrets".
"Nevertheless, the market should expect the first variant of the agreement in a couple of months. Industry sources have previously speculated that the new variant would be the Perdana replacement model using the Honda Accord chassis," said PublicInvest Research.
Protasco Bhd (Not rated, TP: 1.31)
JF Apex Securities Bhd in its "Trading Idea" investment research report has placed a RM1.31 target price on Protasco Bhd -- a road construction company.
"Protasco is an under-researched and low profile small-cap contractor which has not attracted much investor attention. The lack of investor interest on the stock is due to the fact that the Group has not been involved in much construction works especially on the high-profile mega projects which were awarded in the past few years although the Group is consistently rewarding shareholders with decent dividend yield of over 6 per cent.
"However, we reckon that market perception on the stock could be changed as Protasco is riding on the current property boom, banking on its project in Kajang, the next hotspot since MRT was announced, and its maiden venture into Oil & Gas segment," said JF Apex Securities.
Protasco currently has an outstanding order book of over RM1.7 billion, comprising five road maintenance jobs that will last the company until 2016-2019 -- thus guaranteeing recurring income of some RM350 million a year.
"Our fair value for Protasco is RM1.31, pegged at 10.5x FY2014F PE, which is in line with our mid-to-upcycle valuation for small-cap construction stocks under coverage. Our target price indicates an upside of 13 per cent against the closing price of RM1.17, together with the estimated dividend yield of 7 per cent, bringing the potential upside close to 20 per cent.
"We favour the stock for its: 1) strategically located property project in Kajang; 2) attractive dividend yields of close to 7%; 3) consistent recurring income with road maintenance concessions; and 4) further diversification into the burgeoning O&G sector," it said in its report on June 14.
Genting Malaysia Bhd (Neutral, TP: RM3.97)
RHB Research Institute Sdn Bhd maintained its Neutral recommendation on Genting Malaysia Bhd, with a target price of RM3.97 per share, even after news report on the gaming company may embark on a RM3 billion facelift project.
"We are of the view that a potential facelift of Genting Highlands would drive earnings growth in the long run. We keep our Neutral stance for now, pending more details from management," said the research house in its report on June 13.
It believes that funding will not be an issue for Genting Malaysia, as the research house is forecasting the casino operator to generate annual operating cash flow of RM2.2-2.4 billion over the next three years.
"This would come in handy to cover the potential RM3 billion capex. Meanwhile, there is also a possibility that the management may take on more borrowings to optimise its capital structure given its net cash position currently," it said.
The Edge Financial Daily quoted Genting chairman and chief executive Tan Sri Lim Kok Thay as saying at the company AGM that the RM3 billion is "just a ballpark figure" and plans are still being finalised.
Astro Awani
Sun Jun 16 2013
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Golongan belia pemacu penting bentuk masa depan industri pembuatan Malaysia - FMM
Pemimpin perniagaan dan usahawan daripada golongan belia merupakan pemacu penting yang akan membentuk masa depan industri pembuatan Malaysia, kata Presiden Persekutuan Pekilang-Pekilang Malaysia.
AWANI Tonight: 16 July 2024
#AWANITonight with @Hafiz_Marzukhi
1. Govt mulls amending Penal Code to deal with cyberbullying
2. England's Southgate resigns after Euro 2024 Final defeat
#AWANIEnglish #AWANINews
1. Govt mulls amending Penal Code to deal with cyberbullying
2. England's Southgate resigns after Euro 2024 Final defeat
#AWANIEnglish #AWANINews
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Empat individu termasuk pasangan pempengaruh bebas tahanan reman
Kesemua individu juga perlu hadir ke pejabat Suruhanjaya Pencegahan Rasuah Malaysia (SPRM) sebulan sekali untuk melaporkan diri.
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KPT alu-alukan syor PAC guna garis panduan pelaburan universiti awam untuk anak syarikat
KPT mengalu-alukan cadangan PAC berhubung pelaksanaan dan pemakaian Garis Panduan Pelaburan dan Pembiayaan oleh Universiti Awam 2024, kepada anak-anak syarikat di bawah seliaan kementerian itu.
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SUKMA 2024: Sepak takraw wanita mungkin digugurkan
Sepak takraw wanita berpasukan berkemungkinan akan digugurkan daripada senarai acara temasya Sukan Malaysia (SUKMA) 2024 berikutan jumlah penyertaan kurang daripada jumlah minimum yang ditetapkan.
10 Berita Pilihan - (16 Julai 2024)
Antara pelbagai berita dalam dan luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
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Enam rakyat Vietnam ditemukan maut di sebuah hotel di Bangkok
Enam orang ditemukan maut di sebuah hotel di Bangkok, Thailand pada Selasa laporan media tempatan yang memetik polis Bangkok.
AWANI 7:45 [16/07/2024] - Suspek dibawa ke lokasi | Selamat tinggal rakyat Malaysia | Harimau Malaya hilang taring?
- Polis sahkan suspek bunuh Kartini anggota polis.
- Pan-Gon enggan dedah punca letak jawatan.
- Faisal Halim sedih mentor Pan-Gon undur diri.
- Pakai reben putih di Parlimen, tak salah.
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- Faisal Halim sedih mentor Pan-Gon undur diri.
- Pakai reben putih di Parlimen, tak salah.
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Isteri calon gandingan Trump letak jawatan di firma guaman
Usha Vance, isteri kepada Senator J.D. Vance yang dipilih sebagai calon gandingan bekas presiden Amerika Syarikat (AS) Donald Trump awal minggu ini, telah meletakkan jawatannya di sebuah firma guaman,
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Najib fail permohonan di mahkamah rayuan cabar Titah Adendum
Berdasarkan sistem e-filing mahkamah, rayuan itu telah ditetapkan untuk pengurusan kes pada 7 Oktober ini.
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Go Shop henti operasi 11 Okt ini, sebahagian strategi penjajaran semula Astro
Keputusan strategik itu dilakukan selepas melihat kepada landskap ekonomi mencabar, perubahan tingkah laku pengguna secara keseluruhan.
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Pengiklanan bersasar jadi pemangkin prospek pertumbuhan Astro, HLIB kekal saranan 'beli'
Ini membolehkan HLIB Research mengekalkan saranan 'beli' terhadap Astro dengan harga sasaran pada RM1.34 sesaham.
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WDG agih 1 juta penutup hidung dan mulut kepada petugas media
Sejuta unit topeng penutup hidung dan mulut diagihkan Winner Dynasty Group Sdn. Bhd. (WDG) kepada 20 organisasi media di negara ini.
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Astro sahkan seorang pekerja positif COVID-19
Pekerja itu kini sedang menerima rawatan di sebuah hospital kerajaan.
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CGS-CIMB saran 'tambah' saham Astro, EPL dijangka kekal hubungan dengan Astro
Menurut laporan kajian "Much Ado About Premflix" terbitan CGS-CIMB Securities, ini terutama selepas aktiviti cetak rompak kandungan yang melemahkan pertumbuhan pasaran penstriman di Malaysia.
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Astro Ulagam catat rekod dunia Guinness
Siaran langsung tersebut memaparkan kemeriahan sambutan perayaan Thaipusam yang diraikan di Malaysia, India dan Sri Lanka.
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3 sebab untuk memohon Program Biasiswa Astro 2016
Program Biasiswa Astro 2016 bukan sahaja memberi peluang kepada pelajar-pelajar yang dahagakan kejayaan, tetapi ia juga membentuk kerjaya mereka.
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Astro raih hak eksklusif siaran aksi perlawanan EPL
Astro Malaysia Holdings Berhad (Astro) sekali lagi mendapat hak eksklusif siaran perlawanan Liga Perdana Inggeris EPL di Malaysia.
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Astro sasar pendapatan RM500 juta melalui GO SHOP
Astro Malaysia Holdings Bhd menjangka dapat menjana pendapatan RM500 juta setahun menjelang 2019 melalui usaha sama baharu dengan syarikat beli-belah dari rumah, Astro GS Shop Sdn Bhd.