Stock Price RMTargetRMMkt CapRMmVolume‘000PER (x) FY0ROE %FY1DY %Rel.
CIMB 11.00 13.00 39,406.4 9332.9 14.4 12.2 14.9 2.3 8.6 8.7 25.9 2.1 BUY
MMC 2.48 2.95 7,551.8 3356.3 24.6 14.2 4.9 1.0 3.1 4.1 -4.0 -3.3 TRADING BUY
Kencana 2.12 2.69 1,917.0 2076.7 12.1 11.0 33.3 0.9 8.9 10.8 23.8 3.5 BUY
Mudajaya 3.60 4.80 1,346.4 893.7 17.3 9.0 16.2 0.4 6.6 114.7 134.7 4.2 BUY
Alam Maritim 1.85 2.99 921.8 653.5 9.1 7.5 21.9 0.8 4.9 15.4 -12.0 0.7 BUY
Written by Surin Murugiah
Thursday, 01 October 2009 09:46
KUALA LUMPUR: OSK Investment Research maintains its neutral call on the local stock market and has recommended a two-pronged strategy to invest, which is to buy selected liquid big caps and trade small cap sectors such as oil and gas, CONSTRUCTION [] and steel.
The research house said in its October strategy report released on Thursday, Oct 1 that while its September top picks did well, with 4 out of 5 stocks outperforming the index, namely MMC, Top Glove, Mudajaya and MRCB, it advocates taking a short term approach for October.
"Our top picks are now focused on the oil and gas and construction sectors," it said Oct 1.
OSK Research said that while September took it by surprise with a liquidity driven run up, profit taking took over in the end on fears of a cutback on stimulus measures worldwide.
"Nonetheless, our top picks generally outperformed the index and benefited from the volatility.
"For October, with the run-up to the Budget, we expect a strong flow of news, which should hopefully, offset the signs of risks in global markets," it said.