While our view on the market remains largely unchanged, namely ‘Fairly Valued, Still Room to Trade, Focus on O&G, selected Steel and Construction, Sell at 1150pts’, we feel it is timely for a relook at how things have progressed since our 2009 outlook was released in November ‘08. In this report, we also take a look at how the global economy is panning out, that sectors that are still investable and present a broader selection of Top Buys.
CP= Current Price
FV= Fair Value
PE = Stock PER (x)
TOP BUYS – BIG CAPS
Axiata CP=2.39 FV=2.70 20,183.9 17.5 12.9 0.0 0.8 TRADING BUY
Resorts CP=2.85 FV=3.25 15,237.0 12.6 12.1 2.5 1.8 BUY
MMC Corp CP=1.93 FV=2.39 5,877.0 13.4 10.8 1.3 -2.6 BUY
WCT CP=2.19 FV=2.70 1707.0 12.2 14.0 2.5 1.2 TRADING BUY
Wah Seong CP=1.87 FV=2.58 1263.7 9.7 8.4 4.1 1.8 BUY
TOP BUYS – SMALL CAPS
QL Resources CP=2.80 FV=3.68 1058.3 9.5 8.1 3.6 2.2 BUY
Lion Industries CP=1.30 FV=1.90 925.6 n.m. 3.2 0.0 0.3 BUY
Alam Maritim CP=1.41 FV=1.95 694.9 6.9 6.5 1.1 0.9 BUY
Sino Hua-An CP=0.515 FV=0.66 589.2 17.5 5.1 2.3 0.8 BUY
Mudajaya CP=1.51 FV=1.90 561.0 8.9 6.0 1.0 1.9 BUY