CGSCIMB Research

Wednesday 23 Apr 2025

13 Aug 2019, 08:00 am

FY20 revenue growth likely for Kawan Food on fresh frozen bread launchKawan Food Bhd (Aug 9, RM1.38) Maintain add with a lower target price (TP) of RM1.46: We had earlier forecast a 30% revenue growth for Kawan Food Bhd for the financial year ending 2019 (FY19), mainly driven by the launch of new major bread products in the first half...

By CGSCIMB Research / The Edge Financial Daily

13 Aug 2019, 08:00 am

09 Aug 2019, 08:00 am

Potential MGO could be rerating catalyst for Media PrimaMedia Prima Bhd (Aug 8, 49 sen) Maintain hold with an unchanged target price of 48 sen: Bloomberg data showed a block of 50 million Media Prima Bhd shares, equivalent to 4.51% of the integrated media group’s share capital, crossed hands off-market in the afternoon s...

By CGSCIMB Research / The Edge Financial Daily

09 Aug 2019, 08:00 am

08 Aug 2019, 08:00 am

F&N’s 4QFY19 sales likely to be driven by launch of healthier drinksFraser & Neave Holdings Bhd (Aug 7, RM34.50) Maintain hold with a higher target price (TP) of RM35.20 from RM35.10 previously: Fraser & Neave Holdings Bhd’s (F&N) revenue for the nine months ended June 30, 2019 (9MFY19) rose 6.1% year-on-year (y-o-y) to ...

By CGSCIMB Research / The Edge Financial Daily

08 Aug 2019, 08:00 am

06 Aug 2019, 08:00 am

Maxis 1H earnings within expectationsMaxis Bhd (Aug 5, RM5.42) Maintain reduce with an unchanged target price (TP) of RM5.40: Maxis Bhd’s second quarter of financial year 2019 (2QFY19) earnings before interest, taxes, depreciation and amortisation (Ebitda) inched down 0.6% quarter-on-quarter (q-o-q) (-...

By CGSCIMB Research / The Edge Financial Daily

06 Aug 2019, 08:00 am

05 Aug 2019, 08:00 am

Bursa outlook seen dampened by weak capital marketBursa Malaysia Bhd (Aug 2, RM6.50) Maintain hold with a lower target price (TP) of RM6.35: Bursa Malaysia Bhd’s first half ended June 30, 2019 (1HFY19) net profit was below expectations, accounting for only 40% of our and 43% of Bloomberg consensus full-year forecas...

By CGSCIMB Research / The Edge Financial Daily

05 Aug 2019, 08:00 am

02 Aug 2019, 08:00 am

Lotte Chemical’s rise in output capacity seen to exceed local demandLotte Chemical Titan Holding Bhd (Aug 1, RM2.79) Maintain hold with a lower target price of RM2.83: Lotte Chemical Titan Holding Bhd (LCT) delivered a core net profit of only RM44 million in second quarter of financial year 2019 (2QFY19), not much better than 1QFY19...

By CGSCIMB Research / The Edge Financial Daily

02 Aug 2019, 08:00 am

01 Aug 2019, 08:00 am

MSM expected to improve cash flows via operational efficiency, selling non-core assetsMSM Malaysia Holdings Bhd (July 31, RM1.62) Upgrade to hold with a higher target price (TP) of RM1.50: The Edge Financial Daily had reported that FGV Holdings Bhd is in talks to dispose of part of its 51% strategic stake in MSM Malaysia Holdings Bhd. According to th...

By CGSCIMB Research / The Edge Financial Daily

01 Aug 2019, 08:00 am

29 Jul 2019, 08:00 am

Affordability expected to remain a concern for BATBritish American Tobacco (Malaysia) Bhd (July 26, RM26.20) Maintain reduce with a lower target price (TP) of RM21.88: British American Tobacco (Malaysia) Bhd (BAT)’s first half of financial year ended June 30, 2019 (1HFY19) core net profit fell short of expectations...

By CGSCIMB Research / The Edge Financial Daily

29 Jul 2019, 08:00 am

26 Jul 2019, 08:00 am

Maxis to expand fixed enterprise ops to grow service revenueMaxis Bhd (July 25, RM5.70) Maintain reduce with a higher target price (TP) of RM5.40: In February, Maxis Bhd unveiled its target to grow service revenue to more than RM10 billion by 2023, underpinned by its convergence strategy and plan to exponentially expand the ...

By CGSCIMB Research / The Edge Financial Daily

26 Jul 2019, 08:00 am

25 Jul 2019, 08:00 am

Increased land bank likely to boost Mah Sing’s near-term salesMah Sing Group Bhd (July 24, 92.5 sen) Maintain add with an unchanged target price (TP) of RM1.20: Mah Sing Group Bhd announced yesterday it is acquiring an about 5.47-acre leasehold vacant land in Tempat Taman Metropolitan in Kepong, Kuala Lumpur for RM94.8 million...

By CGSCIMB Research / The Edge Financial Daily

25 Jul 2019, 08:00 am

Trump floats cutting China tariffs ‘substantially’ in trade deal

US Treasury Secretary Bessent expects tariff stand-off with China to de-escalate

Stocks, dollar rebound in Asia as Trump steps back

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

Chinese foreign bond sales mark record share of total in emerging markets

Boeing sells Jeppesen unit to Thoma Bravo for US$10.6b in bid to prioritise core ops making jetliners, military aircraft

EG Industries poised to surpass RM2 bil revenue despite global turmoil

Singapore's March core inflation rises 0.5% y-o-y, lowest since June 2021

Ex-Goldman banker Roger Ng can testify as Najib's defence witness, court rules

Zafrul lands in US, to meet with US Trade Rep Jamieson Greer over tariffs

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