rightcoastconservative

By OSK Research, Despite relatively strong results from a number of Blue Chips in February, the market still retreated and ended up in the red so far in 2011. Selling was largely attributed to concerns arising from political unrest in the Middle East although we continue to see limited risk if this does not spread to Saudi Arabia. Go out and BUY? Trading Strategy - Buy on Weakness OSK continue to advise investors to Buy on Weakness in the current volatile market with focus on Banks, especially those that have been sold down recently as we still see robust loans growth of 8.5%. OSK also advise trading in Oil & Gas , Construction and Property counters as the news flow should remain good although they caution that profits will likely to kick in only in 2H of 2011. March 2011 Top Buys OSK's top buys did poorly for February, with only 2 stocks matching or exceeding the KLCI namely KPJ and Kencana. For March, as we remain hopeful of a market rebound, we are keeping CIMB , Kencana an...

Lately, SP Setia is in full limelight in local bourse due to some of the announcements made. And, yesterday, SP Setia was awarded a contract and proposed some of the corporate exercises subsequently. Below is some of the useful summary for investors keeping abreast with the latest developments: The Bangsar land deal SP Setia was acquiring a 40-acre land along Jalan Bangsar via a land swap deal Government to acquire land in Setia Alam from SP Setia Develop a fully integrated health and research complex to be known as 1NIH Complex in Setia Alam under the Ministry of Health's purview Redevelop the swapped land into an integrated mixed residential and commercial project and give the Government a 20% profit sharing. Source: OSK Researc h The Proposed Corporate Exercises Proposed private placement of up to 15% of paid-up share capital via book-building for the following purposes: - RM6bn KL EcoCity, which comprises a corporate tower block and retail podium - Setia City project, which ...