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Market Monitor |
6 May 2013 |
GE13 Results: A Major Coup for BN |
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• A coup for BN. Barisan Nasional (BN) fulfilled our scenario of having an adequate win (by clinching 60% of parliamentary seats... 
• A highly-charged election. Not surprisingly, a record 80% voters cast their vote for GE13 that attracted some 579 federal and... |
3 May 2013 |
UMW Holdings (UMWH MK) |
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| • Consensus downgraded earnings by 3.5% since Feb 13 due to weak 1Q13 sales by Toyota and Perodua (estimated combined 2012 net profit contribution of 70%)...
• Toyota lost a 3.4ppt market share yoy to 20,366 units, vs Nissan’s 3.5ppt gain and Honda’s 6.1ppt gain... |
2 May 2013 |
Banking – Malaysia |
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| • Slower loan growth. Loans grew 10.4% yoy in Mar 13, slower than the 1.4% in Feb 13, mainly due to weaker business...
• NIM compression in 1Q13 on higher cost of funds. Total deposits grew 2.6% qoq (+8.4% yoy) with a stronger 5.6% qoq... |
30 April 2013 |
Hartalega Holdings (HART MK) |
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| • Another flattish quarter... Hartalega’s 4QFY13 results are expected to be released on 7 May 13. We expect low single-digit...
• Pricing pressure continues to hit the nitrile gloves segment... Hartalega implemented a general +2-3% price... |
29 April 2013 |
Plantation – Regional |
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| • Stubbornly high inventory. The drawdown in the record palm oil stocks was slower than expected, causing CPO...
• Edible oils supply outlook improves. Better weather conditions for the past one year have led to stronger CPO production... |
