Malaysia Daybreak | 28 June 2021 FBMKLCI Index
Malaysia | June 28, 2021 Key Metrics Malaysia Daybreak | 28 June 2021 FBMKLCI Index 1,700 ▌What’s on the Table… 1,650 ———————————————————————————————————————————————————————————————————————————————————————— 1,600 1,550 Yinson Holdings Bhd – Building the foundation for a stronger future 1,500 1QFY1/22 core net profit of RM81m made up 16% of our full-year forecast (25% 1,450 of consensus), below expectations due to higher expensed interest. Despite the 1,400 modest results, we reiterate Add as Yinson is looking forward to an active FPSO Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 market, and concurrently pursuing many renewable projects. Our SOP-based ——————————————————————————— target price is raised slightly to RM6.18 (Ke: 8.3%). FBMKLCI 1,559.68 3.97pts 0.26% JUN Future JUL Future Mynews Holdings Berhad – Tough near-term outlook but end is in sight 1557.5 - (0.32%) 1558.5 - (0.32%) ——————————————————————————— 1HFY21 core net loss of RM18.6m came in wider than expected, mainly due to Gainers Losers Unchanged weak footfall in light of movement restrictions. The near-term outlook remains 345 653 434 ——————————————————————————— gloomy due to the full lockdown measures, with meaningful recovery expected to Turnover come only by end-CY2021. Maintain Hold as we think that valuations fairly 5406.86m shares / RM2375.693m account for near-term risk challenges and long-term growth opportunities. 3m avg volume traded 6578.70m shares 3m avg value traded RM3811.16m ——————————————————————————— Regional Indices IOI Corporation – Ready to address forced labour allegations FBMKLCI FSSTI JCI SET HSI 1,560 3,122 6,022 1,583 29,288 IOI said it is aware of a letter from CBP on an investigation into forced labour.
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