BNASTRA (7195): Secures RM405mn Contract, Propelling Orderbook to RM4.6bn, Target MYR 2.53 Summary (TL;DR): Research Firm: TA Investment Bank Subject: BNASTRA / BNASTRA (7195) Core Rating: BUY Target Price / Top Picks: MYR 2.53 One-Liner: Binastra Corporation Berhad’s latest RM405mn contract win significantly boosts its unbilled orderbook to RM4.6bn, ensuring robust earnings visibility and cementing…
KLK (2445): Navigating Volatility – A Downgrade to Neutral Summary (TL;DR): Research Firm: RHB Investment Bank Subject: KLK / KLK (2445) Core Rating: NEUTRAL (from Buy) Target Price / Top Picks: MYR 20.65 One-Liner: RHB downgrades KLK to Neutral, citing fair valuation at current levels and an expectation of lower year-on-year CPO prices in a…
SKYWLD (5315): Unlocking Value with Strategic Penang Land Acquisition Summary (TL;DR): Research Firm: MERCURY Investment Bank Subject: SKYWLD / SKYWLD (5315) Core Rating: BUY Target Price / Top Picks: MYR 0.64 One-Liner: SkyWorld’s latest land acquisition in Penang for affordable housing offers a highly favourable cost structure, enhancing future margins and solidifying its earnings visibility,…
IOICORP (1961): Undervalued Plantation Giant Navigating CPO Volatility Summary (TL;DR): Research Firm: RHB Investment Bank Subject: IOICORP / IOICORP (1961) Core Rating: BUY Target Price / Top Picks: MYR 4.30 One-Liner: RHB maintains a BUY rating on IOICORP, viewing it as an undervalued big-cap plantation company despite CPO price volatility, with a more balanced fundamental…
BNASTRA (7195): Securing Growth with Strong Order Book and Preferred Contractor Status Summary (TL;DR): Research Firm: PHILLIP Investment Bank Subject: BNASTRA / BNASTRA (7195) Core Rating: BUY Target Price / Top Picks: RM2.60 One-Liner: BNASTRA continues to reinforce its position as a preferred contractor with key clients, securing significant contracts that underpin its robust order…
TSH (9059): Navigating Volatility Amidst Limited Growth Visibility Summary (TL;DR): Research Firm: RHB Investment Bank Subject: TSH / TSH (9059) Core Rating: HOLD Target Price / Top Picks: MYR 1.10 One-Liner: RHB anticipates 2026 to be a more fundamentally balanced year for palm oil, with lower CPO prices, but warns that geopolitical risks will continue…
SDG (5285): Value Unlocking Poised to Drive Future Growth Summary (TL;DR): Research Firm: RHB-OSK Investment Bank Subject: SDG / SD Guthrie (5285) Core Rating: BUY Target Price / Top Picks: MYR 5.45 One-Liner: SD Guthrie’s strategic value-unlocking initiatives are expected to drive future earnings growth, justifying its premium valuation despite a moderated CPO price outlook….
BNASTRA (7195): Construction Powerhouse Continues Winning Streak with New Mega Projects Summary (TL;DR): Research Firm: RHB Investment Bank Subject: BNASTRA / BNASTRA (7195) Core Rating: BUY Target Price / Top Picks: MYR 2.64 One-Liner: Binastra Corporation continues its strong job replenishment streak, securing a significant MYR405m contract from Exsim Jalil Link, reinforcing its robust orderbook…
TAANN (5012): Timber Turnaround Still Elusive as CPO Volatility Persists Summary (TL;DR): Research Firm: RHB Investment Bank Subject: TAANN / TAANN (5012) Core Rating: NEUTRAL Target Price / Top Picks: MYR 3.60 One-Liner: RHB maintains a Neutral stance on Ta Ann, anticipating a fundamentally more balanced 2026 with volatile CPO prices and a timber segment…
KLK (2445): Fair Valuation Prompts Downgrade Amidst Volatile CPO Outlook Summary (TL;DR): Research Firm: RHB Investment Bank Subject: KLK / KLK (2445) Core Rating: HOLD Target Price / Top Picks: MYR 20.65 One-Liner: KLK’s valuation is now considered fair, leading to a downgrade to Neutral, as CPO prices face volatility from geopolitical risks and a…
