TH Plantations Bhd
(March 6, 34 sen) 
Upgrade to hold with an unchanged target price (TP) of 35 sen: Despite a small haircut, we are generally positive on TH Plantations Bhd’s (THP) proposal to dispose 2,307ha of planted oil palm estates for RM62 million in cas...

Disposing of estates seen to help TH Plantations deleverage

Sime Darby Bhd
(March 5, RM2)
Maintain buy with target price of RM2.58: Based on our hypothesis, Sime Darby Bhd shareholders could potentially be rewarded with a special dividend per share (DPR) of up to 25 sen (100% DPR), should it sell its 30% stake in Tesco Store...

Sime Darby shareholders may get special dividend with Tesco stake sale

Yinson Holdings Bhd
(March 4, RM7.03)
Maintain buy with an unchanged target price of RM10.10: We are positive on Yinson Holdings Bhd’s revised proposal to acquire Ezion Holdings Ltd, which in essence is a much improved deal (for Yinson) versus its earlier version (t...

Yinson’s new Ezion deal seen earnings accretive

Allianz Malaysia Bhd
(Feb 19, RM15.34)
Upgrade to buy with a higher target price of RM18.20: With Allianz Malaysia Bhd’s share price having fallen 13% since we downgraded it to “hold” on Jan 6, now is an opportune time to pick up the stock again, in our view. We rev...

Allianz Malaysia expected to have a good 4Q for FY19

Malakoff Corp Bhd
(Feb 6, 84.5 sen)
Maintain buy with an unchanged target price (TP) of RM1: With the completion of the Alam Flora and Macarthur transactions, we expect net gearing to fall to a palatable around one time in end-2019. An affirmation would thus allevia...

Macarthur, Alam Flora transactions likely to address Malakoff’s gearing

Yong Tai Bhd
(Jan 23, 15 sen)
Maintain hold with a lower target price (TP) of 16 sen: We are positive on the news that Yong Tai Bhd will build its own international cruise terminal (ICT), which ought to boost Encore Melaka’s utilisation rate and sale of Impression C...

International cruise terminal job seen a positive for Yong Tai

Gamuda Bhd
(Jan 16, RM4.05)
Upgrade to buy with a higher target price (TP) of RM4.50: Gamuda Bhd’s replenishment prospects are improving with the project delivery partner (PDP) agreement for the Penang Transport Master Plan (PTMP) expected to be finalised soon. We u...

Gamuda’s job replenishment prospects seen to be improving

Mynews Holdings Bhd
(Jan 13, 93.5 sen)
Maintain buy with an unchanged target price (TP) of RM1.35: Mynews Holdings Bhd will focus on growing its customer reach and driving demand in the ready-to-eat (RTE) segment in the near term through higher store openings, while...

Mynews expected to focus on growing customer reach, RTE segment

Real estate investment trust sector
Maintain neutral: As we anticipate major pipelines to be limited in 2020, we continue to favour Malaysian real estate investment trusts (M-REITs) that have prime malls and sizeable assets with long-term tenants, which are seen to underpi...

Growth of REITs expected to be largely organic this year

Wah Seong Corp Bhd
(Jan 8, RM1.25)
Maintain buy with an unchanged target price (TP) of RM1.50: A key target of Wah Seong Corp Bhd this year is to strengthen its order backlog and balance sheet. It can realistically double its backlog to RM2 billion on the back of it...

Wah Seong expected to ramp up orders with strong tender visibility

Iran’s foreign minister compared the drones used in an attack by Israel early Friday to “toys”, in comments that aimed at downplaying the significance of the strike on Iranian territory.

Iran downplays Israel’s latest attack as one done by ‘toys’

The Malaysian Communications and Multimedia Commission (MCMC) has lodged police reports against three individuals, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar) and Wan Muhammad Azri Wan Deris (Papagomo), for making and spreading false accusations about its officers.

MCMC lodges police reports against Chegubard, Salim Iskandar, Papagomo over false accusations

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

The Madani government will look into the hardship faced by the people in Sabah, especially in terms of socioeconomic poverty as well as improvements to infrastructure for the benefit of the people.

Madani govt committed to improving infrastucture in Sabah, says Anwar

Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.

Teo cautions public on scammers impersonating Communications Ministry officials

A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.

Iraq's Popular Mobilization Forces says base was attacked, army investigates

Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.

Kuala Kubu Baharu by-election: BN component parties have to assist unity govt candidate, says Mohamad Hasan

Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.

Positive economic achievements prove Sabah govt's commitment, says Hajiji

Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

Scientex aims to build 50,000 affordable housing units by 2028

The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.

Madani govt committed to eradicating hardcore poverty in Sabah, says Anwar

S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

Selangor Sultan officiates launch of S P Setia’s LakePoint Complex at Setia AlamImpian

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

Approved logistics players to get diesel fleet cards amid subsidy rationalisation

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

DNB says process relating to subscription of its shares by five mobile network operators ongoing

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

'Crowded' megacap trade in US stocks awaits earnings test

Iran’s foreign minister compared the drones used in an attack by Israel early Friday to “toys”, in comments that aimed at downplaying the significance of the strike on Iranian territory. &nbsp;

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.

Selangor Sultan conveys condolences to Tun Hanif Omar’s family

Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

Tesla's Elon Musk postpones India trip, aims to visit this year

Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

The Malaysian Communications and Multimedia Commission (MCMC) has lodged police reports against three individuals, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar) and Wan Muhammad Azri Wan Deris (Papagomo), for making and spreading false accusations about its officers.

A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.

Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.

The Madani government will look into the hardship faced by the people in Sabah, especially in terms of socioeconomic poverty as well as improvements to infrastructure for the benefit of the people.

Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.

Kuala Kubu Baharu by-election: PN to hold supreme council meeting on Monday

Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.

The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

Maybank IB Research

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Maybank IB Research

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