Hong Leong Investment Bank

Wednesday 02 Apr 2025

21 Apr 2020, 08:00 am

Weaker 2Q expected for KPJ due to lower occupancy rateKPJ Healthcare Bhd (April 20, 89 sen) Maintain buy with a lower target price (TP) of RM1.09: We expect the second quarter (2Q) to be heavily impacted by Covid-19 whereas 1Q will not see much of the brunt. As such, we revise our financial year 2020-2021 (FY20-21) for...

By Hong Leong Investment Bank Research / The Edge Financial Daily

21 Apr 2020, 08:00 am

16 Apr 2020, 08:00 am

Leong Hup may scale back expansion to conserve cash flow amid challengesLeong Hup International Bhd (April 15, 56.5 sen) Downgrade to hold with a lower target price (TP) of 56 sen: We downgrade our rating on Leong Hup International Bhd to “hold” with a lower TP of 56 sen (from 92 sen earlier), based on revised valuation of 15 times fina...

By Hong Leong Investment Bank Research / The Edge Financial Daily

16 Apr 2020, 08:00 am

15 Apr 2020, 08:00 am

Axis REIT likely to be relatively more stable, defensive amid Covid-19Axis Real Estate Investment Trust (April 14, RM1.86) Maintain buy with a higher target price (TP) of RM2.47: Axis Real Estate Investment Trust’s (Axis REIT) portfolio has increased by two to a total of 50 properties. More than 50% of Axis REIT’s tenants are still op...

By Hong Leong Investment Bank Research / The Edge Financial Daily

15 Apr 2020, 08:00 am

10 Apr 2020, 08:00 am

Possibility of extra special draws expected for BTotoBerjaya Sports Toto Bhd (April 9, RM2.22) Maintain hold with an unchanged target price of RM2.26. The movement control order (MCO) has led to the closure of numbers forecast operator (NFO) operations for a month (13 draws, including one special draw). A ...

By Hong Leong Investment Bank Research / The Edge Financial Daily

10 Apr 2020, 08:00 am

03 Apr 2020, 08:00 am

FamilyMart venture seen as a success for QL ResourcesQL Resources Bhd (April 2, RM7.90) Maintain hold call with an unchanged target price (TP) of RM8.20 per share: Since the opening of QL Resources Bhd’s first FamilyMart outlet about three years ago, we understand the venture has already turned profitable. We are very...

By Hong Leong Investment Bank Research / The Edge Financial Daily

03 Apr 2020, 08:00 am

24 Mar 2020, 08:00 am

Construction sector’s prospects likely muted due to earnings risks, cash flow pressureConstruction sector Maintain neutral: In light of the movement control order (MCO) until March 31, the works ministry has published a list of frequently asked questions (FAQs) concerning the construction sector, dictating a stop-work order except for critical works. <...

By Hong Leong Investment Bank Research / The Edge Financial Daily

24 Mar 2020, 08:00 am

20 Mar 2020, 08:00 am

‘Rent-free’ rebates for tenants during MCO period possibleReal estate investment trust sector Retain overweight: To recap, it was a fairly decent quarter for real estate investment trusts (REITs) where six out of seven under our coverage recorded core earnings that were in line. We have cut our earnings by 8.6% to -21.7% to imput...

By Hong Leong Investment Bank Research / The Edge Financial Daily

20 Mar 2020, 08:00 am

18 Mar 2020, 08:00 am

Lower sales, margins seen for BAutoBermaz Auto Bhd (March 17, RM1.23) Downgrade to hold with a lower target price of RM1.45: For the third quarter ended Jan 31, 2020 (3QFY20), Bermaz Auto Bhd’s (BAuto) reported core profit after tax and minority interest (Patami) of RM25.6 million, bringing its nine ...

By Hong Leong Investment Bank Research / The Edge Financial Daily

18 Mar 2020, 08:00 am

17 Mar 2020, 08:00 am

Tuaspring buy seen as YTL Power’s global expansionYTL Power International Bhd (March 16, 55 sen) Maintain hold with a lower target price (TP) of 65 sen: YTL Power International Bhd has announced the acquisition of Tuaspring Power Generation Assets from Malayan Banking Bhd (Maybank) through a receivership for a tota...

By Hong Leong Investment Bank Research / The Edge Financial Daily

17 Mar 2020, 08:00 am

16 Mar 2020, 08:00 am

EDC contribution expected to cushion Revenue Group from Covid-19 impactRevenue Group Bhd (March 13, RM1.04) Reiterate hold with a lower target price of RM1.31: In a recent meeting, Revenue Group Bhd (RGB) shared that it is not immune to the Covid-19 pandemic as it may weigh down on the seasonally weaker third quarter of financial year ...

By Hong Leong Investment Bank Research / The Edge Financial Daily

16 Mar 2020, 08:00 am

Gas pipeline blaze: MIDF flags potential RM18m impact to Petronas Gas

Gas pipeline blaze: Petronas Gas, Gas Malaysia’s shares open marginally lower after trading halt

Digital banks in Malaysia urged to re-examine strategies to better serve B40 segment

T7 Global closes at more than two-year low after deputy chairman's departure

Yinson's shares slip, analysts tell investors to look past underwhelming results

Malaysia Airlines cautions customers about fake customer service accounts

Heathrow Airport got power-station warning days before blackout

China urges firm to join widening Thai probe into crashed tower

Amid fast pace of change, Fed face time with businesses has become key to policy

Trump's tariffs will be negative the world over, says ECB's Lagarde

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