NST Online Business Times : latest
NST Online Business Times : latest |
| Kenanga cuts Unisem target price Posted: 11 Nov 2012 06:34 PM PST Kenanga Research cut its target price for electronics company Unisem (M) Bhd to RM0.99 from RM1.32, expecting results for the current quarter to be flat due to weakening consumer sentiment. Consumers are taking a wait-and-see approach amid headwinds in the global economy, Kenanga said in a report on Monday. "In our view, the company's net profit for the year may only break even at best," said Kenanga, which lowered its growth assumptions for Unisem. It maintained a 'market perform' call on the stock. -- Reuters |
| Affin raises Gas Malaysia target price Posted: 11 Nov 2012 06:34 PM PST Affin Investment Bank raised its target price on Gas Malaysia Bhd shares to RM3 from RM2.80 as the company has secured customers to take up all the additional gas supply for 2013 and 2014 financial years. About 25 percent extra gas supply kicks in after Petronas Gas starts up its regasification plant in central Malaysia by end-January 2013, Affin said, helping Gas Malaysia lift revenue growth by 8.8 percent for both financial years. Affin maintained its "add" call on the stock. Gas Malaysia shares were unchanged in morning trade, compared with the broader market that inched lower at 0158 GMT. Gas Malaysia is the only firm licensed to supply and sell natural gas in mainland Malaysia where demand has been steadily growing. -- Reuters |
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