Recently, during OSK’s small cap corporate day, OSK unveiled their 2012 Jewels. OSK Jewels actually is a list of small caps stock picks by OSK. They expect OSK Jewels to perform reasonably well during 2012. For the 2012 list, there are 31 stocks in the list.
The top picks are DAYANG (FV: RM2.34), JOHORETIN (FV: RM1.51), PRESTARIANG (FV: RM1.48) and TAKAFUL (FV: RM4.42).
Below are the full list of OSK 2012 Jewels.
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Gas Malaysia Bhd, the sole supplier of natural gas to the non-power sector is scheduled to be listed in Main Market of Bursa Malaysia on 11th June 2012.
The Initial Public Offering (IPO) consists of offer for sale of 333.84 million ordinary shares at an indicative price of RM2.20 per share at RM0.50 par value. The final price will be the lower of RM2.20 and institutional price.
Out of 333.8 million offer for sale shares, 303.3 million shares are for selected & institutional investors, while 30.5 million shares for application by Malaysian public eligible directors and employees of Gas Malaysia Berhad.
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Pestech International Bhd, integrated power technology company is scheduled to be listed in Main Market of Bursa Malaysia on 30th May 2012.
The Initial Public Offering (IPO) consists of public issues of 12.88 million new ordinary shares and 8.59 million shares for sale at an IPO price of RM1.00 per share at RM0.50 par value.
Out of 12.88 million new ordinary shares, 1.5 million shares are for private placement to selected investors, 6.0 million shares for application by Malaysian public and the remaining 5.4 million shares are made available to directors, employees and business associates of Pestech International Berhad.
For the offer for sale 8.59 million existing shares, 6.46 million shares allocated by way of placement to Bumiputera investors, and 2.13 million shares via placement to identified investors.
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For May, OSK see the risk of a global pullback increasing, following a strong performance by global markets in the past 4 months.
Coupled with the poor track record of markets during the period of May–Sept, OSK advise investors to heed the old maxim of “Sell in May and Go Away”. If markets do take an early tumble, then those with longer investment horizons should consider stocks in the Construction, O&G and Banking sectors which will benefit from the ETP.
For May, OSK recommend defensive stock such as Telcos and consumption related stocks which might benefit from a drop in commodity prices such as AirAsia (jet fuel) and Media Chinese (newsprint).
The table below is the target price for OSK’s May 2012 top picks.
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The US$2bil (RM6.08bil) listing of Felda Global Ventures Holdings Bhd to a Main Market listing on Bursa Malaysia, Asia’s biggest this year, is expected to take place at the end of June. The initial public offering (IPO) is offering up to 2.19 billion shares for institutional and retail investors.
According to the draft prospectus posted on the Securities Commission website, 1.92 billion shares will be offered to the institutional investors while the remaining 283.61 million shares will be offered to retail investors.
The institutional offering involves a total of 1.21 billion shares and 286.85 million issue shares allocated for Malaysian and foreign institutional investors, while 419.54 million issue shares are set aside for Bumiputera institutional and selected investors approved by International Trade and Industry Ministry, at the institutional price.
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