OSK Top 5 Stock Picks & November 2011 Outlook

For November, given the previous month’s sharp rally, OSK expects some pullback in global markets, with Malaysia being no exception.

Barring the announcement of a General Election, OSK remains defensive on the Malaysian market and would advocate a BUY only if the KLCI retraces towards 1,300 pts, while we may call a SELL if the market heads towards 1,533 pts. Maintain NEUTRAL for now.

The table below is the target price for OSK’s November 2011 top picks.

Stocks Price (RM) Target price (RM) Market Cap (RM million) Rating
Axiata 4.88 5.50 41,304.6 Buy
Petronas Gas 13.10 14.62 25,921.4 Buy
Telekom Malaysia 4.24 4.80 15,168.2 Buy
AirAsia 3.90 5.18 10,389.3 Buy
KPJ Healthcare 4.20 5.21 2,436.7 Buy

Source : OSK Research

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