We are OVERWEIGHT on the retail sector. Besides the favorable outlook, the sector is one of the highest dividends yielding, which makes it a good pick in anticipation of a volatile 2H10. Our top pick is Parkson Holdings (PHB) (BUY, TP 6.75), which is poised to ride on the strong recovery in China’s domestic consumption and Zhulian (BUY, TP RM3.77), given its solid fundamentals compared to its peers, as well as its attractive dividend yield.
Below are the target price for consumer product sector.
| Stock | Price (RM) | Target (RM) | Rating |
|---|---|---|---|
| AEON | 4.90 | 5.62 | Buy |
| Amway | 7.65 | 10.79 | Buy |
| Bonia | 1.03 | 1.54 | Buy |
| Hai-O | 4.18 | 5.03 | Buy |
| Multi-Sports | 0.44 | 1.17 | Buy |
| NTPM | 0.59 | 0.54 | Neutral |
| Padini | 3.80 | 4.65 | Buy |
| Pelikan | 1.14 | 0.93 | Sell |
| Parkson | 5.55 | 6.75 | Buy |
| Zhulian | 2.82 | 3.77 | Buy |
Source : OSK Research
I have Bonia and NTPm in the list. Market so bad.
Going to buy a counter within this one two weeks, but not sure what to buy.
I only have Pelikan. Start to look at Bonia & Multi Sports too.
is it encourage to buy Haio? coz the price went down..
Hi, sorry. HaiO is not in my watchlist.