1. KAF could be a good buy, currently valued at almost RM200 million versus Kenanga which is valued at RM406 million. Foreign banks aiming to gain ground on the Malaysian market might aim to acquire a stake in KAF. Currently trading at RM1.65
2. Kenanga could also be a good speculative buy, at only RM0.55, it has ran up and then down. Likely due to election jitters and European/Cyprus woes.
3. More stable buys could include Dialog, E&O, while more adventurous buyers could look at acquiring THHeavy. While MAS could be a speculative bet, considering it is currently trading at cheap, and is open to potential privatization.
4. I also really love ECOFIRS for its potential exposure to Johor real-estate, stable income stream, and also its lucrative venture in Iron Ore mining. This could be a bet for the long term. Again, should be on the lookout for coming financials.
5. As I write, MRCB has fallen to RM1.32, and could present a good buying opportunity. One should watch out its price action carefully, and be reminded that the deal with Gapurna would only be completed in July 2013. Nevertheless it's always better to be 3 months earlier, than 5 minutes too late.
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