.
“The upcoming results season is expected to usher in re-rating catalysts in the form of strong quarter on quarter earnings growth or fat dividends for all of these stocks except Sunway, ” UOB added. has been a significant laggard and should appeal to longer-term investors.
Meanwhile, in its report to clients yesterday, Hong Leong Investment Bank Research (HLIB Research) said on the whole, the Permai stimulus which was announced on Monday, “seems to be largely targeted at both the rakyat and SMEs that have been hit by the negative ramifications of Covid-19.”
“From a market perspective, our sense is that the stimulus initiatives were largely reiterations of previously announced ones, ” it said.
KUALA LUMPUR (Jan 6): CGS-CIMB Research opined that Astro Malaysia Holdings Bhd is an overlooked stock in the media space as the counter is currently trading at a 77% discount to the global pay-TV and streaming average CY21F enterprise value to its earnings before interest, taxes, depreciation and amortization (EV/EBITDA).
The local research house added that Astro’s CY21-22F yields of 8.3% to 8.6% backed by strong FCF generation is highest among media peers and companies under its coverage.
It projected Astro’s 2021 to 2022 dividend per share to come to 7.6 to 7.9 sen.
CGS-CIMB’s analysts Kamarul Anwar and Mohd Shanaz Noor Azam said in a report today they believe Astro s upcoming digital convergence strategy to lure cordnevers could be a significant transformation in its business model.
KUALA LUMPUR (Dec 17): CGS-CIMB has overweight ratings on bank, healthcare, gaming, oil and gas, electronics manufacturing services (EMS), media and rubber gloves sectors, and underweight ratings on chemicals and transport.
The research house said in a report that it likes the bank, gaming, oil and gas, EMS and media sectors for exposure to a recovering economy post-Covid-19.
“We continue to like the gloves sector, as it is expected to deliver record earnings in 2021 due to strong demand for gloves following the Covid-19 outbreak.
“However, as we had cautioned earlier, the key risk is that the rubber gloves is now a crowded trade given its stellar share price performance in 9M20 (first nine months of 2020). This, coupled with concerns over the treatment of its workers and potential new capacities coming on stream, has led investors to rotate out of the gloves sector into banks,” it said.