Highlights of the day
§
Felda
Global Ventures Holdings (Initiating
Coverage): Venturing
into a new business model (BUY, TP: RM5.65) [download
report]
Felda Global Ventures Holdings Bhd (FGVH) is on track
to raise some RM9.9bn from its listing, making it the world’s second largest
IPO this year after Facebook. We initiate coverage on FGVH with a BUY
recommendation and TP of RM5.65. Our TP is based on a PE of 16x pegged against
FY12 EPS.
Other reports
Other Malaysian news
§ KPJ: Acquiring a
3-storey office building and a single-storey warehouse
§ Genting:
Plans to sell RM2bn notes in two tranches
§ Petronas
Dagangan: To acquire 6 downstream companies for US$62m
§ AirAsia: AirAsia India
§ Dialog: Massive
potential
§ MBM
Resources: Not disposing of Daihatsu stake
§ Guan
Chong: Gets SC nod for SGX listing
§ Hong
Leong Capital: Takes over MIMB
§ Yinson:
May get FPSO job
§ Power: TNB and IPPs
to sign pact
§ Power: SEB
identifies coal sources
§ Property:
Cyberjaya developer to pump RM2.5bn
§ Economy:
Projects worth RM2bn involving Chinese firms approved since 2008
§ Technology: LED
manufacturers expand production to meet global demand
Global news
§ US
§ China
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