Category: Financial Commentary – Malaysia

We re-assessed the relative valuation of Favco after the share price surged by circa 10% recently to examine whether the current valuation is still reasonable (or attractive). We looked at…

We are taking a cautious view on the 2017 outlook given the recent adverse developments. The fuel makes up 35% of the plant’s production cost and the recent spike in…

Uncertainty surrounding the post-trump trading outlook has weakened the attractiveness of JayCorp. Our understanding is that the proposed tax policy incentivises the US companies to manufacture domestically as foreign goods…

We remain concerned on Fima Corp’s short to medium term outlook. The company’s P/E has de-rated c. 21% (from the peak of approx. 11.2x to 8.8x). The multiple de-rating is…

Looking ahead of 2017, we are under the impression that the engines for growth for Favco are likely coming from the oil price recovery and high domestic infrastructure needs. We…

We currently have a BUY rating on OKA Berhad (upgraded from Neutral after the share price decline). Our target price of RM 1.43 implies an upside potential of 23.3%. We…

On 29/08/2016, we have posted a research on Favco with a BUY rating and target price of RM 2.75. The share price during this period has been trading sideways possibly…