News by MIDF Research

The 1QFY19 core net income was 163.9% higher year-on-year, mainly due to higher contributions from joint ventures (JVs) and positive ones from associates.

MIDF Research:Upgrade to buy with a lower target price (TP) of RM2.66.

The fourth quarter (4Q) is seasonally strong due to the year-end sales and holiday season.

MIDF Research: All things considered, we opine the continuation of LRT3 emits positive tone on the prospects of the Malaysian Resources Corp Bhd (MRCB) and George Kent (Malaysia) Bhd joint-venture (JV) company. While the project’s costs have been significantly reduced, we are comforted that the cost-savings approach prioritised by the new government did not result in the loss of earnings opportunity for the JV company.

The group will be launching more products especially to attract Current Account, Savings Account accounts especially from the retail segment.

Our target price is based on 45% discount to revalued net asset value.

Going forward, Axis REIT may see the addition of new assets…

YTL Cement is a key beneficiary of the construction division’s order book expansion.

Better second half expected as we expect occupancy rates to improve due to completion of refurbishment at the 3 Damansara mall and new tenants that are scheduled to move into the office tower...

We are anticipating positive news from the Penang Transport Master Plan.