Although the market met expectations and rallied to an all-time high closing in March, it may be dogged by some uncertainties and potentially retrace in April.
This, however, has not deterred investors from scouring the market for Election-related BUYs.
For April, OSK Top Buys are stocks with a specific catalyst during the month, namely TNB, which should report improved results this month, MMC with the upcoming listing of subsidiary Gas Malaysia, Kencana with its upcoming merger with SapuraCrest, Dialog which has been a noteworthy laggard and Padini, for which a wider coverage and better liquidity should boost sentiment.
The table below is the target price for OSK’s April 2012 top picks.
|Stocks||Price (RM)||Target price (RM)||Market Cap (RM million)||Rating|
|MMC Corporation||2.81||3.70||8,556.6||Tr Buy|
Source : OSK Research