JPG (5323): Strong ESG & Downstream Potential Drive RHB’s BUY Call, MYR1.45 Target Summary (TL;DR): Research Firm: RHB Investment Bank Subject: JPG / JPG (5323) Core Rating: BUY Target Price / Top Picks: MYR 1.45 One-Liner: Johor Plantations Group (JPG) maintains an attractive valuation, supported by strong ESG credentials and promising downstream opportunities, despite anticipated…
SDG (5285): Value Unlocking Strategy Justifies Premium, RHB Says BUY Summary (TL;DR): Research Firm: RHB Investment Bank Subject: SDG / SDG (5285) Core Rating: BUY Target Price / Top Picks: MYR 5.45 One-Liner: RHB believes SD Guthrie’s value-unlocking strategy warrants a premium valuation, as contributions from its new business verticals are yet to be fully…
BNASTRA (7195): Robust Orderbook Fuels Strong Earnings Visibility Summary (TL;DR): Research Firm: MERCURY Investment Bank Subject: BNASTRA / BNASTRA (7195) Core Rating: BUY Target Price / Top Picks: MYR 2.54 One-Liner: Binastra clinched a new RM405m contract, boosting its outstanding orderbook to a robust RM4.6bn, ensuring strong earnings visibility and sustainability. Report at a Glance…
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….
