AmInvestment Bank

Wednesday 23 Apr 2025

20 Apr 2020, 08:00 am

Strong 1Q earnings of about RM67m expected for BursaBursa Malaysia Bhd (April 17, RM5.88) Upgrade to buy with a higher fair value (FV) of RM6.40: We upgrade our recommendation on Bursa Malaysia Bhd to “buy” from “hold” with a revised FV of RM6.40 (previously RM6.05), after fine-tuning our earnings growth estimates to...

By AmInvestment Bank / The Edge Financial Daily

20 Apr 2020, 08:00 am

16 Apr 2020, 08:00 am

Crest Builder’s medium-term outlook seen positive on job wins Crest Builder Holdings Bhd (April 15, 71.5 sen) Maintain buy with an unchanged fair value (FV) of RM1.76: We maintain our “buy” recommendation on Crest Builder Holdings Bhd with an unchanged FV of RM1.76 based on sum-of-the-parts valuation. We made no changes ...

By AmInvestment Bank / The Edge Financial Daily

16 Apr 2020, 08:00 am

14 Apr 2020, 08:00 am

Lower oleochemical prices, utilisation rates seen for PetChemPetronas Chemicals Group Bhd (April 13, RM4.82) Maintain sell with an unchanged fair value (FV) of RM3.25: We maintain “sell” on Petronas Chemicals Group Bhd (PetChem) with unchanged forecasts and an FV of RM3.25 per share, pegged at a 10% discount to forecasted fin...

By AmInvestment Bank / The Edge Financial Daily

14 Apr 2020, 08:00 am

13 Apr 2020, 08:00 am

Hup Seng Industries could benefit from 1QFY20 sales boost due to MCOHup Seng Industries Bhd (April 10, 88.5 sen) Maintain hold with a higher fair value (FV) of 88 sen: We maintain our “hold” recommendation on Hup Seng Industries Bhd (HSI) and forecasts, but raise our FV slightly to 88 sen based on 16 times forecasted financial year ...

By AmInvestment Bank / The Edge Financial Daily

13 Apr 2020, 08:00 am

09 Apr 2020, 08:00 am

Press Metal’s PPA with Sarawak Energy seen to boost capacityPress Metal Aluminium Holdings Bhd (April 8, RM3.63) Maintain hold with a lower fair value (FV) of RM3.03: We cut our financial year 2020-2022 (FY20–22F) net profit forecasts by 29%, 12% and 13% respectively, largely to reflect weaker aluminium prices. We also ...

By AmInvestment Bank / The Edge Financial Daily

09 Apr 2020, 08:00 am

03 Apr 2020, 08:00 am

Hong Leong Bank’s loan exposure to vulnerable sectors seen minimalHong Leong Bank Bhd (April 2, RM13.14) Maintain buy with an unchanged fair value of RM15.90 per share: This is based on Hong Leong Bank Bhd’s (HLB) financial year 2021 (FY21) return on equity of 9.7%, leading to a price-to-book value (P/BV) of 1.1 times. We ma...

By AmInvestment Bank / The Edge Financial Daily

03 Apr 2020, 08:00 am

02 Apr 2020, 08:00 am

Pos Malaysia’s courier segment expected to face competitionPos Malaysia Bhd (April 1, 70.5 sen) Downgrade to sell with a lower fair value (FV) of 58 sen: We project net losses of RM90 million and RM24 million for financial year 2020 forecasts (FY20) and FY21F and a net profit of RM31 million for FY22F (versus a net loss of ...

By AmInvestment Bank / The Edge Financial Daily

02 Apr 2020, 08:00 am

31 Mar 2020, 08:00 am

Value seen in CSC Steel after share price correctionCSC Steel Holdings Bhd (March 30, 60 sen) Upgrade to buy with an unchanged fair value (FV) of RM1.09: For CSC Steel Holdings Bhd, our forecast financial year ending Dec 31, 2020 (FY20F) net profit is cut 13% but our call is upgraded to “buy” from “hold” as value has...

By AmInvestment Bank / The Edge Financial Daily

31 Mar 2020, 08:00 am

27 Mar 2020, 08:00 am

Hartalega’s growth plan seen in Kuala Langat land buyHartalega Holdings Bhd (March 26, RM6.78) Maintain underweight with an unchanged fair value of RM6.09: Our financial year 2020 (FY20), FY21 and FY22 earnings estimates for Hartalega Holdings Bhd are tweaked downwards by 0.6%, 1.2% and 1.5% respectively to account fo...

By AmInvestment Bank / The Edge Financial Daily

27 Mar 2020, 08:00 am

24 Mar 2020, 08:00 am

Mynews expected to see profit recovery from 4QFY20Mynews Holdings Bhd (March 23, 59 sen) Maintain buy with a lower fair value of 83 sen: Our earnings forecasts for Mynews Holdings Bhd for the financial year ending Oct 31, 2020 (FY20), FY21 and FY22 are cut by 30%, 31% and 27% respectively to account for lower...

By AmInvestment Bank / The Edge Financial Daily

24 Mar 2020, 08:00 am

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Stocks, dollar rebound in Asia as Trump steps back

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In China’s backyard, steel buyer Vietnam is trying to stem a tide of cheap metal

Oil up more than 1% on fresh Iran sanctions, lower US crude stocks

Ex-Goldman banker Roger Ng expected to take the stand in Najib’s trial tomorrow

Gold falls as Trump backs down from threat to fire Fed chief

Sapura Holdings founder Shamsuddin takes the stand as sons' settlement talks fail

GDEX’s pandemic-induced tech pivot showing results, eyes more partnerships

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