PublicInvest Research

Tuesday 01 Apr 2025

08 Apr 2015, 08:00 am

AAX plans up to RM395m rights issueAirAsia X Bhd (April 7, RM 0.455) Maintain neutral with target price of 54 sen: AirAsia X Bhd (AAX) took the initiative to strengthen its charter and wet lease businesses to help improve its revenue. In its financial year ended Dec 31, 2014 (FY14), the charter/wet l...

By PublicInvest Research / PublicInvest Research

08 Apr 2015, 08:00 am

01 Apr 2015, 08:00 am

TNB’s offer for Integrax goes unconditionalTenaga Nasional Bhd (March 31, RM14.36) Maintain neutral with a target price (TP) of RM14.64: As expected, Tenaga Nasional (TNB) has received more than 50% acceptances for its revised offer of Integrax shares at RM3.25 per share, deeming the offer now unconditional....

By PublicInvest Research / PublicInvest Research

01 Apr 2015, 08:00 am

30 Mar 2015, 08:00 am

TRC Synergy bags RM53.9m building jobTRC Synergy Bhd (March 27, 40 sen) Maintain neutral call with an unchanged target price (TP) of 54 sen. Granted, TRC Synergy is a good proxy to the Klang Valley mass rapid transit and Sarawak corridor of renewable energy (Score) projects but we beli...

By PublicInvest Research / PublicInvest Research

30 Mar 2015, 08:00 am

26 Mar 2015, 08:00 am

Media Prima’s dividend yield will support share priceMedia Prima Bhd (March 25, RM1.72) Maintain neutral with target price of RM1.79: More than 80% of current group’s total revenue is derived from only two segments — television (42.7%) and print (39.3%), and 80% of total revenue is contributed by adve...

By PublicInvest Research / PublicInvest Research

26 Mar 2015, 08:00 am

24 Mar 2015, 08:00 am

AirAsia in possible sale and leaseback arrangement of aircraftAirAsia Bhd (March 23, RM2.18) Reaffirm outperform with a target price (TP) of RM3.08: According to various news sources, AirAsia Bhd is reportedly considering a sale and leaseback arrangement of its aircraft, amounting to approximately RM1 billion ...

By PublicInvest Research / PublicInvest Research

24 Mar 2015, 08:00 am

10 Mar 2015, 08:00 am

No major financial benefit for TNB from IntegraxTenaga Nasional Bhd (March 9, RM14.62) Maintain ‘neutral’ with target price (TP) of RM14.64: Tenaga Nasional (TNB) issued a press statement last Friday indicating its optimism about acquiring a controlling stake about Integrax Bhd at the revised off...

By PublicInvest Research / PublicInvest Research

10 Mar 2015, 08:00 am

06 Mar 2015, 08:00 am

‘Bearish’ plantation sector, say industry expertsPlantation sector (March 5) Maintain neutral with an unchanged crude palm oil (CPO) price of RM2,550 per tonne. We are keeping our “neutral” call on the plantation sector with an unchanged CPO price forecast of RM2,550 per tonne for the calendar year 2015 (CY15) and...

By PublicInvest Research / PublicInvest Research

06 Mar 2015, 08:00 am

03 Mar 2015, 08:00 am

Masteel dragged by unrealised FX lossMalaysia Steel Works (KL) Bhd (March 2, 88 sen) Upgraded to outperform call with an unchanged target price (TP) of RM1.10. Malaysia Steel Works (KL) Bhd (Masteel) reported a core net profit of RM24.2 million for the financial year ended Dec 31, 2014...

By PublicInvest Research / PublicInvest Research

03 Mar 2015, 08:00 am

17 Feb 2015, 08:00 am

No impact on TNB’s revenue from ICPT implementationTenaga Nasional Bhd (Feb 16, RM14.02) Maintain neutral with an unchanged target price (TP) of RM14.64. TNB’s management held a briefing last Friday to provide further clarification on the imbalance cost pass-through (ICPT) mechanism. An explanation o...

By PublicInvest Research / PublicInvest Research

17 Feb 2015, 08:00 am

16 Feb 2015, 08:00 am

DiGi.Com in surprise change of CEODiGi.Com Bhd (Feb 13, RM6.40) Maintain neutral call with an unchanged target price of RM5.90. Although the sudden change in chief executive officer (CEO) may dampen market perception of DiGi.Com’s leadership stability, we believe the telecommunications company has a...

By PublicInvest Research / PublicInvest Research

16 Feb 2015, 08:00 am

Fire incident in Putra Heights not related to Gas Malaysia facilities, company says

Petronas confirms fire incident at Petronas Gas main pipeline near Puchong

Massive gas pipeline fire in Puchong — Fire Dept

Gas pipeline blaze: 25 receiving initial medical treatment as of 10.35am

Singapore’s Capital World says MACC froze its unit CCP’s bank accounts to facilitate ongoing investigations

SoftBank seeks record US$16.5b loan for AI growth in US — Bloomberg

RHB Singapore appoints Goh Ken-Yi as CEO

Gas pipeline blaze: Immediate financial aid for over 100 affected residents, says PM

Gas pipeline blaze: PLUS reopens Seafield to Bandar Saujana Putra route

LSH unit assumes management of KL Tower for 20 years until end-March 2045

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