Highlights of the day
§
Gadang
Holdings Bhd (Stock Idea): Winner of
key ETP projects (Trading BUY, TP: RM1.00) [download
report]
In the interest of timeliness, we are publishing this
Stock Idea on Gadang before meeting with management. Our analysis is thus based
on publicly available information and any assumptions on our part have yet to
be verified. Gadang is a small
construction company that has been winning key ETP projects that has yet to be
reflected in its share price. We
recommend a Trading Buy with target price of RM1.00 and potential capital
upside of 52%. (refer to report for details)
Other reports
Other Malaysian news
§
SAAG: Seeks white knight
§ Maxis:
Data centre to attract international enterprises
§ SapuraKencana:
Wins US$9.2m rig contract extension
§ Malaysia
Airports: Eraman to sell stake in Delhi
§
Pos
Malaysia: To
finalise Mideast courier firm deal
§ Pos
Malaysia: To work with DRB-Hicom on land development
§
TH
Plantation: Sabah Forestry puts damper on acreage doubling plan
§
Green
Packet: Mum
over reports on disposal unit
§
Latexx: Semperit
happy with strategic stake in the company
§
IPO: Westports
plans US$500m IPO in 2013
§
Steel: MyCC
probes anti-competition practices
Global news
§ US: Housing
starts jump 15% to 4-year high
§ Europe : Tussle
over costs threatens to derail march toward bank union
§ Europe: Construction
output rises for second month on Portugal
§ China : Wen says China
§ Japan
§ Thailand
§ Singapore
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