TMI (traded at RM3.66 as at 12.30 pm today)
52 wks Hi Lo= 3.04 - 8.20
PE = 10.1 times
PE = 10.1 times
(based on annualized 2008 EPS of 36 sen)
or
at a Price to Book of 1.0 times
or
at a Price to Book of 1.0 times
(based on NTA per share of RM3.22 as at 30/9/2008).
Buy high 'beta' stocks: Credit Suisse
Published: 2009/01/07
INVESTORS should buy banking group Bumiputra-Commerce Holdings Bhd, TM International Bhd and Kuala Lumpur Kepong Bhd, a palm-oil planter, to take advantage of a rally in Malaysian stocks, Credit Suisse Group said.
“The bull is back for a while; enjoy it,” Stephen Hagger, an analyst at Credit Suisse said in a report today.
“Higher beta stocks are now running” and Bumiputra-Commerce is the “highest beta institutional stock.” Beta is an indicator of volatility.
The benchmark index, which retreated 39 per cent in 2008, its steepest annual decline since the 1997 Asian financial crisis, has risen for a fourth day to its highest in almost three months, on course for its longest winning streak since November 5.
The gains have been fueled by “cashed-up domestic funds,” buying shares, Hagger said.
Bumiputra-Commerce jumped as much as 10 per cent today, set for its biggest gain since July 2003, making it the best performer on the benchmark Kuala Lumpur Composite Index today. The index climbed as much as 1.6 per cent.
Investors should also increase their holdings in PLUS Expressways Bhd., Malaysia’s biggest toll-road operator, and power and gaming group Tanjong PLC, which are cheap with “high earnings certainty,” Hagger said.
DiGi.Com Bhd, British American Tobacco Bhd and Public Bank Bhd, which “performed so well in 2008 will likely underperform in 2009,” he said. - Bloomberg
Buy high 'beta' stocks: Credit Suisse
Published: 2009/01/07
INVESTORS should buy banking group Bumiputra-Commerce Holdings Bhd, TM International Bhd and Kuala Lumpur Kepong Bhd, a palm-oil planter, to take advantage of a rally in Malaysian stocks, Credit Suisse Group said.
“The bull is back for a while; enjoy it,” Stephen Hagger, an analyst at Credit Suisse said in a report today.
“Higher beta stocks are now running” and Bumiputra-Commerce is the “highest beta institutional stock.” Beta is an indicator of volatility.
The benchmark index, which retreated 39 per cent in 2008, its steepest annual decline since the 1997 Asian financial crisis, has risen for a fourth day to its highest in almost three months, on course for its longest winning streak since November 5.
The gains have been fueled by “cashed-up domestic funds,” buying shares, Hagger said.
Bumiputra-Commerce jumped as much as 10 per cent today, set for its biggest gain since July 2003, making it the best performer on the benchmark Kuala Lumpur Composite Index today. The index climbed as much as 1.6 per cent.
Investors should also increase their holdings in PLUS Expressways Bhd., Malaysia’s biggest toll-road operator, and power and gaming group Tanjong PLC, which are cheap with “high earnings certainty,” Hagger said.
DiGi.Com Bhd, British American Tobacco Bhd and Public Bank Bhd, which “performed so well in 2008 will likely underperform in 2009,” he said. - Bloomberg