NST Online Business Times : latest
NST Online Business Times : latest |
| Kenanga ups Tenaga's target price Posted: 31 Oct 2012 07:13 PM PDT Kenanga Research raised its target price on Tenaga Nasional Bhd to RM8.05 from RM7.90 after Malaysia's largest energy provider posted a full-year net profit of RM3.35 billion in line with market estimates. The brokerage maintained its "outperform" call on the stock. Costs for the financial year ended Aug. 31 were contained with higher coal usage and gas supply, said Kenanga in a report on Thursday. Kenanga added that the downside risk to Tenaga is limited after assurance from the government that compensations for fuel costs will continue, as asserted by the company this week. Shares of the company rose 0.72 percent to RM7. -- Reuters  |
| Carlsberg gets 'outperform' call Posted: 31 Oct 2012 07:13 PM PDT Kenanga Research initiated coverage of Carlsberg Brewery Malaysia Berhad with an "outperform" call, given the brewer's strength in the niche beer market. The brewer has the second-biggest market share in Malaysia, at 40 percent. The firm's niche products will help the company expand market share by 1.5 percent by June, Kenanga said in a note on Thursday. "Carlsberg is the leader in the super premium segment, albeit the segment is still relatively new and small," Kenanga said. "We believe that Carlsberg will be better positioned to compete with Guninness Anchor Berhad with its new locally brewed Asahi and the fast-growing Kronenbourg." At 9.38 am, Carlsberg shares were down 0.46 percent at RM13.02, while the benchmark composite index was up 0.22 percent at 1,676.95. -- Reuters |
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