CGS-CIMB Research

Sunday 30 Mar 2025

01 Apr 2020, 08:00 am

Maxis likely to see fixed broadband subscription growthMaxis Bhd (March 31, RM5.35) Maintain reduce with an unchanged target price (TP) of RM5.10: We hosted Maxis Bhd’s chief financial officer Wayne Treeby and head of investor relations Paul Zaman for a conference call with investors last Friday. Overall, there were no ...

By CGS-CIMB Research / The Edge Financial Daily

01 Apr 2020, 08:00 am

17 Mar 2020, 08:00 am

Banks expected to gain from investment in fixed income securitiesBanking sector Maintain neutral: The banking sector’s net profit declined by 0.9% year-on-year (y-o-y) for the fourth quarter of 2019 (4Q19), primarily dampened by the 212.3% y-o-y surge in loan loss provisioning. Meanwhile, non-interest income grew a strong 14.4% y-o-y fo...

By CGS-CIMB Research / The Edge Financial Daily

17 Mar 2020, 08:00 am

02 Mar 2020, 08:00 am

MRCB net profit expected to recover in FY20Malaysian Resources Corp Bhd (Feb 28, 57 sen) Reiterate hold with a lower target price (TP) of 70 sen: Malaysian Resources Corp Bhd (MRCB) saw a core net loss of RM34.3 million excluding a RM58 million gain from a 30% stake sale in One IFC compared to our and consen...

By CGS-CIMB Research / The Edge Financial Daily

02 Mar 2020, 08:00 am

28 Feb 2020, 08:00 am

Thong Guan FY19 core net profit above expectationsThong Guan Industries Bhd (Feb 27, RM4) Downgrade to hold with a lower target price (TP) of RM4.17: Thong Guan Industries Bhd finished the financial year ended Dec 31, 2019 (FY19) on a strong note, with its core net profit exceeding our full-year estimate by 5%. Min...

By CGS-CIMB Research / The Edge Financial Daily

28 Feb 2020, 08:00 am

24 Feb 2020, 08:00 am

MAHB sees downside risk from potential rate cutsMalaysia Airports Holdings Bhd (Feb 21, RM6.75) Maintain hold with an unchanged target price of RM7.47: Last Tuesday, the Singapore government announced a S$112 million (RM335.69 million) Aviation Sector Assistance Package, co-funded by the government, Civil Aviatio...

By CGS-CIMB Research / The Edge Financial Daily

24 Feb 2020, 08:00 am

21 Feb 2020, 08:00 am

Superior performance seen as potential rerating catalyst for Public BankPublic Bank Bhd (Feb 20, RM18.12) Maintain add with a lower target price (TP) of RM22.60: Following Bank Negara Malaysia’s move to cut overnight policy rate (OPR) by 25 basis points (bps) to 2.75% on Jan 22, Public Bank Bhd reduced its base rate by 25bps to 3.27% ef...

By CGS-CIMB Research / The Edge Financial Daily

21 Feb 2020, 08:00 am

13 Feb 2020, 08:00 am

Luxury marque dealers likely to face challengesAuto sector Maintain neutral: The Edge Malaysia weekly reported that a number of high-end car dealers are scouting for yard space to store excess vehicles due to weaker-than-expected sales performance following softening economic conditions. The article also highlighted th...

By CGS-CIMB Research / The Edge Financial Daily

13 Feb 2020, 08:00 am

11 Feb 2020, 08:00 am

Mynews expected to see higher earnings, sales from all segmentsMynews Holdings Bhd (Feb 10, 94.5 sen) Maintain add with a lower target price (TP) of RM1.08: Mynews Holdings Bhd’s new food processing centre (FPC) is currently loss-making given its low utilisation at 40% to 50% and high wastages at more than 20%. While we expect ...

By CGS-CIMB Research / The Edge Financial Daily

11 Feb 2020, 08:00 am

06 Feb 2020, 08:00 am

Gas Malaysia likely to retain market share in near termGas Malaysia Bhd (Feb 5, RM2.80) Maintain add with a lower target price of RM3.07: In a recent engagement session hosted by Gas Malaysia Bhd, we gathered that there will be no more differentiation between the power and non-power sectors whereby all shipper licensees...

By CGS-CIMB Research / The Edge Financial Daily

06 Feb 2020, 08:00 am

05 Feb 2020, 08:00 am

F&N’s 1QFY20 results within expectationsFraser & Neave Holdings Bhd (Feb 4, RM32.94) Maintain hold with a lower target price (TP) of RM31.30: Fraser & Neave Holdings Bhd’s (F&N) first quarter ended Dec 31, 2019 (1QFY20) revenue rose 10% year-on-year (y-o-y), while net profit grew 4.5% y-o-y to...

By CGS-CIMB Research / The Edge Financial Daily

05 Feb 2020, 08:00 am

Authorities urge vigilance, calm after 5.4 magnitude quake hits Indonesia’s Banda Aceh

Insolvency DG warns of rising trend in self-declared bankruptcy

5.1-magnitude aftershock hits north of Mandalay amid series of quakes — USGS

Myanmar quake death toll hits 1,700 as aid scramble intensifies

South Korea, China, Japan agree to promote regional trade as Trump tariffs loom

China's biggest state banks to raise US$71.6b to boost capital

Myanmar quake death toll hits 1,700 as aid scramble intensifies

Japan to give crypto assets legal status as financial products, Nikkei says

Toshiba elevators and escalators: Safety, technology, quality

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