Newz Bits 200112

Highlights of the day

§         Samchem Holdings (Stock Idea): “Bond” with “free warrants” on Indonesia and Vietnam (BUY, TP: RM1.10) [download report]

Samchem Holdings (Samchem) is a leading chemical trading company in Malaysia, with an attractive forecast net dividend yield of 6% p.a. We recommend a BUY with 55% upside to our target price of RM1.10/share. At this price, investors will still be getting a yield of 3.9% p.a. in line with fixed deposit rates, while getting free exposure to Indonesia and Vietnam where sales are already surging.

Other reports

§         Newz Bits [download report]

Other Malaysian news

§         DiGi: 4Q net profit up 19% on tax incentives

§         CIMB: Thai unit’s profit rises by 58.8%

§         AirAsia: Sued by Australian watchdog

§         Pavilion REIT: To spend RM13.5m on fashion avenue

§         KFC Holdings: MCCM not giving up

§         OldTown: To build factory for RM36.7m

§         Tambun Indah: Proposes rights issue, warrants

§         The Media Shoppe: Teams up with LTH unit for school project bid

§         DBE Gurney: In talks with CI shareholder

§         Aviation: MyCC still waiting for MAS, AirAsia response

§         Consumer: Ekuinas expands F&B Portfolio

§         Plantation: CPO prices likely to remain firm in 2012

§         Plantation: Felda Global business model must change

§         Economy: MIER expects 3.7% GDP growth in 2012

Global news

§         US: Jobless claims fall to lowest since 2008

§         US: Consumer prices little changed as fuel costs fall

§         US: Housing starts dropped more than forecast in December

§         US: Philadelphia-area manufacturing increased to 7.3 in January

§         Europe: Spain passes bond test

§         Europe: France enjoys strong bond demand despite downgrade

Visit ECM Libra at https://www.ecmlibra.com/ecmlsmy

Our on-line trading portal at www.ecmmoney.com