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Top Calls
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Company Update � Serba Dinamik (BUY,
maintain)
- Potential integrated plant in Bahrain Serba Dinamik (Serba) announced that it has set up a consortium with a local partner (EAG Capital Sdn Bhd) and entered into a memorandum of understanding (MOU) with Malaysia-Bahrain Business Council & Bahrain Malaysia Business Council (MBCC/BMBC Malaysia) to conduct a feasibility study for an integrated solid waste management and water desalination plant in Bahrain. We are keeping our earnings forecasts unchanged at this juncture as the feasibility study is still being conducted to assess the viability of the project. Besides that, all parties are still in discussion to finalise the shareholding structure and iron out the fine details of this partnership. We maintain our BUY call and TP of RM2.40.
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Other Calls
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Economic Update - US
Economy - Monetary Policy
- No surprises in FOMC decision, FFR is kept at 0.75-1.0%
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For
important disclosures, please refer to the Disclosure section at the end of
the individual linked research reports. |
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