Same as the mid-day commentary, market remain bearish. I don't have anything for you at this stage. If I found some thing useful; I will post it tonight. Please check this Blog tomorrow morning.
CIMB maintain OVERWEIGHT on Rubber Glove and plantation sectors. If you need a full report from CIMB, please email me or leave a message on the right hand side. I will send it to you.
From CIMB :
Rubber Glove sector
We are heartened by the level of interest that investors showed during our rubber glove day where six of Malaysia’s biggest rubber glove companies shared their thoughts and plans with some 40 fund managers and buy-side analysts........We maintain our OVERWEIGHT stance............All the glove stocks under our coverage remain as Outperforms, with Adventa and Supermax staying as our top picks. We raise our earnings forecasts for Adventa and Top Glove Corporation by 1-10%.
Plantation sector
We retain our CPO price forecasts and earnings numbers for all the plantation companies in our coverage and continue to OVERWEIGHT the sector due to our bullish view on CPO price and the improving earnings prospects..........Better 4Q report card. We expect planters’ to report better earnings in 4Q on both yoy and qoq basis due to higher selling prices, lower operating costs and higher production.
