For December, with both China and Thailand easing monetary conditions and 6 Central Banks in OECD countries coming together to boost liquidity, it appears that governments worldwide want to tackle global economic woes with a united front.
As such, there could be a modest year-end rally in December, both globally and in Malaysia. OSK advocate a little short-term risk-taking while maintaining their medium-term conservative stance.
The table below is the target price for OSK’s December 2011 top picks.
| Stocks | Price (RM) | Target price (RM) | Market Cap (RM million) | Rating |
|---|---|---|---|---|
| Maybank | 8.30 | 9.60 | 61,693.5 | Buy |
| Petronas Gas | 13.20 | 15.52 | 26,040.0 | Buy |
| Telekom Malaysia | 4.32 | 5.15 | 15,132.4 | Buy |
| AirAsia | 3.69 | 4.57 | 10,389.3 | Buy |
| Dialog Group | 2.39 | 3.66 | 4,881.5 | Buy |
Source : OSK Research