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Given what may still be a lackluster broader market in June, OSK is focusing on a number of situational stocks that should see better newsflow during the month.
First up, UEM Land who will likely join the KLCI before end June. Second, KimLun Corporation which may see a pick up in newsflow on Iskandar Malaysia during the month. Next, Pos Malaysia which could see the sale of Khazanah’s stake completed in the 3rd week of June coupled with details of what DRB-Hicom plans to do with the company. Finally to round it off, 2 smaller banks, namely RHB Cap and Alliance Financial Group that should see sentiment on improved M&A rumours.
The table below are the target price for OSK’s June 2011 top picks.
| Stocks | Price (RM) | Target price (RM) | Market Cap (RM million) | Rating |
|---|---|---|---|---|
| RHB Capital | 9.22 | 10.16 | 20,201.1 | Buy |
| UEM Land | 2.79 | 3.52 | 11,364.7 | Buy |
| Alliance Financial Group | 3.05 | 3.80 | 4,721.7 | Buy |
| POS Malaysia | 3.10 | 4.12 | 1,664.80 | Buy |
| KimLun | 1.80 | 2.37 | 412.2 | Buy |
Source : OSK Research
Related posts:
- OSK Top 5 Stock Picks for Jul 2011
- OSK Top 5 Stock Picks for May 2011
- OSK Property Sector Stock Picks, June 2011
- OSK Automotive Sector Stock Picks, Jul 2011
- OSK Oil & Gas Sector Stock Picks, June 2011
- The Edge’s 2011 Stock Picks
- Stock Picks – 2011 Outlook & Small / Big Cap Top Picks
- OSK Top 5 Stock Picks for March 2011
- ECMLibra Plantation Sector Stock Picks, Sep 2011
- OSK Top 5 Stock Picks for December 2011
