Friday, January 20, 2012

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
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