Friday, November 27, 2020

Fundamental Report

*Uchi Technologies* - Stronger brew prospects ahead (Upgrade to Add with a higher TP of RM3.00)

*UMW Holdings* - Earnings go the extra mile, riding tax holiday (Upgrade to Add with a higher TP of RM3.30)

*DKSH Holdings (Malaysia)* - Likely to ride out short-term challenges (Maintain Add with a higher TP of RM3.90)

*Hap Seng Plantations* - 3Q benefitted from high output and price (Maintain Add with a higher TP of RM2.30)

*Heineken Malaysia Bhd* - Still reeling from Covid-19 (Maintain Hold with a lower TP of RM22.40)

*Magnum Bhd* - CMCO is only a bump on road to recovery (Maintain Add with a lower TP of RM2.30)

*Media Chinese Int'l* - Itching to fly in FY3/22F (Maintain Add with a higher TP of RM0.20)

*Power Root Bhd* - Looking beyond short-term weakness (Maintain Add with a higher TP of RM2.80)

*Protasco* - Still in the red in 9M20 (Maintain Hold with a higher TP of RM0.23)

*Sime Darby Bhd* - Riding on China’s growth recovery (Maintain Add with a higher TP of RM2.70)

*WCT Holdings* - A tough recovery story post 9M20 (Maintain Hold with a higher TP of RM0.42)

*Westports Holdings* - Near-term momentum to moderate in 4Q20F (Maintain Reduce with a higher TP of RM3.63)

*YTL Corporation* - Primed for a comeback in the rail space? (Maintain Add with a higher TP of RM0.85)

*Economic Update* - Budget 2021: Major hurdle cleared

*7-Eleven Malaysia Holdings* - Steady despite near-term footfall challenges (Maintain Add with a TP of RM1.70)

*Tenaga Nasional* - Electricity demand picked up post-MCO (Maintain Add with a TP of RM13.20)

*WCT Holdings* - Strategising its recovery plans (Maintain Hold with a TP of RM0.42)

*YTL Power International* - Multi-utilities unit making a comeback (Maintain Hold with a TP of RM0.69)