Monday, November 30, 2020

Fundamental Reports

Velesto Energy Berhad - Trough in 1Q21F, recovery thereafter (Upgrade to Hold with a higher TP of RM0.14)

Alliance Bank Malaysia Berhad - Potentially lower CCOR in 2HFY3/21F (Maintain Reduce with a higher TP of RM1.83)

Affin Bank Berhad - Higher overheads to dent 4Q20 profit growth (Maintain Reduce with a lower TP of RM1.34)

Bioalpha Holdings - Ravaged by Covid-19 impact (Maintain Hold with a lower TP of RM0.28)

Genting Bhd - Look beyond Covid-19 headwinds in 4Q20F (Maintain Add with a higher TP of RM6.40)

Genting Malaysia - Headwinds abound but recovery imminent (Maintain Add with a higher TP of RM2.95)

IHH Healthcare Bhd - Back to healthier stats in 3Q20 (Maintain Add with a higher TP of RM6.98)

Malayan Banking Bhd - Projecting lower CCOR in 4Q20F (Maintain Hold with a higher TP of RM8.07) 

Malayan Cement Bhd - Better performance due to cost efficiencies (Maintain Hold with a higher TP of RM2.50)

Prestariang - Weak recovery outlook (Maintain Reduce with a lower TP of RM0.36)

Public Bank Bhd - Taking 4Q20F LLP hit before 2021 recovery (Maintain Add with a higher TP of RM20.50)

QL Resources - As steady as it goes (Maintain Reduce with a higher TP of RM5.40)

Velesto Energy Berhad - FY21F work schedule remains wide open (Maintain Reduce with a higher TP of RM0.105)

DRB – Hicom - Sales tax holiday (D)rives (R)evenue (B)oom (Maintain Add with a TP of RM2.35)