OSK 2012 Outlook & Top Buys for Big/Mid/Small Caps Stocks

OSK has a Neutral outlook on the Malaysian market going into 2012 as the combination of uncertain growth outlook in the US and Asia coupled with a possible recession in Europe cloud the prospects for strong earnings growth locally.

OSK advises investors to stay cautious into mid 2012 and focus on Defensive sectors such as Consumer, Telco, Healthcare and Media with KLCI fair value of 1466 pts.

Investors are advised to Trade on Cyclical sectors such as Banks, Oil & Gas and Construction as the market dips or rallies strongly. The trading strategy to adopt is, buy when the KLCI falls towards the 1300 pts and sells when the KLCI rises towards the 1500 pts.

The tables below are OSK’s top Big/Mid/Small Caps Stocks with the target price & rating for 2012.

Big Caps Stocks

Stocks Price (RM) Target price (RM) Market Cap (RM million) Rating
Maybank 8.25 9.60 61,693.5 Buy
Axiata 4.83 5.60 40,885.4 Buy
Petronas Gas 13.22 15.52 26,040.0 Buy
Telekom Malaysia 4.23 5.15 15,132.4 Buy
AirAsia 3.65 4.57 10,139.3 Buy


Mid/Small Caps Stocks

Stocks Price (RM) Target price (RM) Market Cap (RM million) Rating
Dialog Group 2.44 3.66 4,881.5 Buy
QL Resources 2.95 3.62 2,454.4 Buy
KPJ Healthcare 4.20 5.21 2,443.4 Buy
Media Chinese 1.10 1.47 1.856.0 Buy
TRC Synergy 0.62 0.76 287.7 Buy

Source : OSK Research

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