KUALA LUMPUR (Dec 30): RHB Research Institute’s top pick for the numbers forecast operations (NFO) sub-sector is MPHB.
“We believe that MPHB is a deep value stock at current prices. We highlight that even at our fair value of RM3.10, this implies a PE of only 12.3 times CY12, which is still at a discount to BToto,” it said on Friday.
Its top pick for the casino sub-sector is Genting Malaysia, for the positive news flow on its global expansion plans and the earnings kicker from its New York racino project, whose full potential may not have been factored into consensus’ forecasts.
“We believe that MPHB is a deep value stock at current prices. We highlight that even at our fair value of RM3.10, this implies a PE of only 12.3 times CY12, which is still at a discount to BToto,” it said on Friday.
Its top pick for the casino sub-sector is Genting Malaysia, for the positive news flow on its global expansion plans and the earnings kicker from its New York racino project, whose full potential may not have been factored into consensus’ forecasts.
