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| Revenue Churner with UNIFI |
Just when you thought that with the breaching of the 1600 index would spell some sort of selling,more prophets are coming out of the woodwork.
The latest seems to be Kenanga Research throwing in the gauntlet for the telecommunication sector.
It is giving an 'overweight' to the sector based on the first quarter profit results ; the dividend yields and also what they have termed,"robust operating cash flow"
“These (factors) will provide the much-needed defensiveness required during the current volatile market,” so said Kenanga in a note to clients.
So let us see what Kenanga sees in their crystal gazing exercise.
The target price for GLC Telekom Malaysia Bhd is now moved up to RM6.36 (US$2.02) from RM5.65, another 10% while the much sought after third-largest Malaysian mobile phone operator DiGi.Com Bhd is given a marginal push of 28 sen to RM4.68 from RM4.40.
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| Well-Run, No Foreign Exchange Losses |
Top mobile operator Maxis is now given a 30 sen price hike to RM6.76 while Axiata is now adjusted upwards to almost RM6.00(RM5.95) from the current RM5.52 price
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| Silent Climber, Superb Dividend Giver |
Target price for Malaysia’s top mobile operator Maxis Bhd was also raised to RM6.76 from RM6.00 while Axiata had its target increased to RM5.95 from RM5.52.
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| Growth Stock |
What about the effect of YTL Power (Yes! 4G) then, and Time dot Com?
