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[自创] 2017年兴业银行RHB IB顶级大马小型企业25颗珍宝!

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发表于 2017-8-11 07:18 | 显示全部楼层 |阅读模式
本帖最后由 3535 于 2017-8-11 07:42 编辑

兴业投行:小型股的隐藏瑰宝是提供绝佳回酬的关键



April 20, 2017 17:25 pm
(吉隆坡20日讯)兴业投资银行(RHB Investment Bank Bhd)表示,大马交易所内的小型股所隐藏的“瑰宝”可能是为投资者提供绝佳回酬的关键。

该投行今日推出2017年兴业银行顶级大马小型企业25颗珍宝(RHB Top Malaysia Small Cap Companies 25 Jewels 2017)第13版书籍。

被列入此书的25家公司包括那些市值不超过18亿令吉的公司。



2017年度股海遗珠-大马25优质小型股




兴业研究(RHB Research Institute)董事兼大马研究主管Alexander Chia表示,尽管2017年首季的富时小型股项指数(FBM Small Cap Index)超越大市,目前小型股反弹依然有利可图。

Chia指出,特定小型股公司的催化剂包括它们过往的良好盈利记录、管理层强而有力的创业动力,以及鼓励创新和创造力的精神。

据Chia而言,马股已从2016年的低谷反弹,符合盈利走好的预期。

然而,他警告称,外围风险包括环绕着美国总统Donald Trump的政策不确定性、地缘政治紧张局势,以及即将举行的法国大选和英国提前选举,这些因素都将削弱投资者对风险资产的偏好。

尽管如此,Chia认为,如今是着眼于小型股的好时机。

他补充:“今年选出的小型股来自各不同的10个领域,与2016年所选出小型股领域相同。”


这本兴业银行小型股书也指出,其中市值最大的股项为亚洲航空X有限公司(AAX,5238,贸易服务组),市值达17亿令吉,而市值最小的是OCR有限公司(OCR,7071.消费产品组),市值共计1亿2500万令吉。这些股项的平均本益比为17.8倍,平均投资回酬(ROE)达16.9%。




Friday, 21 April 2017
Solid run by small-cap stocks





Chia: ‘Over 56 of the counters featured in the 2016 edition of the book recorded positive returns as well as outperforming the FBM KLCI by an average margin of 50."
  
KUALA LUMPUR: Smaller capitalised companies on Bursa Malaysia have had a solid run-up in the past one year, outperforming the blue chip index by a good margin.

RHB Research Institute Sdn Bhd Malaysia research director Alexander Chia thinks some of these stocks have further upside potential.

“When big caps became somewhat expensive, people will always look towards the small- to mid-caps to provide their alpha as you can expect these stocks to outperform by 25% or 30% (moving forward). The small- to mid-caps provide the alpha to investment managers’’ portfolio of stocks,” he said

The FBM Small Cap Index (FBM SCI) outperformed the FBM KLCI by 8.5% between April 2016 and April 2017.


These small-cap stocks, as measured by the FBM SCI and FBM Fledgling Index or FBM FI, have generated returns of 11.1% and 19.8%, respectively, compared to the 1.1% for the FBM KLCI over the same period.

April 2016 to April 2017 marks the period of time between the 2016 and 2017 publication of the RHB Top Malaysia Small Cap Companies 25 Jewels book.

Chia said at the launch of the 13th edition of the book here yesterday that smaller-cap companies have continued to provide superior returns since last year’s book.

Over 56% of the counters featured in the 2016 edition of the book recorded positive returns as well as outperforming the FBM KLCI by an average margin of 50%.

“In addition to coming from a smaller base, we believe the strong outperformance of small-cap companies is a reflection of their managements’ strong entrepreneurial drive and spirit that encourages innovation and ingenuity,” he added.

The top-ranking stocks during this period were KESM Industries Bhd, which outperformed by 175%, Johore Tin Bhd at 111%, Elsoft Research Bhd at 93% and Yong Tai Bhd at 80%.

In the RHB Top Malaysia Small Cap Companies 25 Jewels 2017 book, which comprises companies with a market cap limit of RM1.8bil and below, 16 out of the 25 Jewels highlighted were not previously featured; making it the highest percentage of new stocks featured over the past couple of years.

The average price-earnings ratio of the 25 Jewels this year is 17.8 times, with an average return on equity of 16.9%.

“When big-cap names reach levels that are considered reasonably fully valued, that is when markets will gravitate towards the mid and small caps.

“Mid and small-cap stocks tend to be volatile by nature because of their smaller base which lacks liquidity.

“Hence, we find stocks that are not looked at in the first instance due to the lack of trading volume,” he said.





The largest-cap stock featured is AirAsia X Bhd at RM1.7bil, while the smallest is O&C Resources Bhd at RM125mil.

Other hidden gems unearthed include Chin Hin Group Bhd, O&C Resources Bhd and AWC Bhd.

Chia explained that the stocks chosen this year are mostly involved in cyclical sectors.

“Such companies will tend to have the biggest bounce on the back of inflection points in the earnings growth as well as gross domestic product growth.


“The two sectors that we think will bounce off the back of cyclical upturns are the technology and consumer sectors, of which five and six companies, respectively, are featured in this year’s book.

“As long as the global and domestic macroeconomics picture remains positive, with foreign capital coming in and the economy performing better, market participation should be able to continue for the foreseeable future,” he said.

The book makes up part of the larger RHB Asean Small Cap Compendium that anually lists stock investment ideas from the bank’s research houses in Malaysia, Indonesia, Singapore and Thailand.

The selection process includes company visits, management meetings and in-depth fact-checking, conducted by analysts from RHB Research Institute.


Read more at http://www.thestar.com.my/busine ... kRlsy6EKMZB5ZrVy.99




以下是25家公司的简介:


1. AAX (5238)



太好的公司了。还上载去YOUTUBE.



亚航长程是 Tan Sri Tony Fernandes 旗下的一间公司,2007年成立并专营长途航线(六小时以上的航线)的航空公司,以人人都能飞更远为口号 (Now Everyone Can Fly Extra Long) 。航点遍布澳洲,中国大陆,日本,南韩,台湾,沙地阿拉伯,尼泊尔和夏威夷。








2. AWC (7579)


AWC设施是家综合设备管理与环境方案供应商。AWC设施的主要业务可分为设施管理,环境清洁,机械与电子工程服务。
设施管理主要为政府和私人企业提供综合管理服务。环境清洁则有设计,安装和自动垃圾处理业务Stream.

Stream是AWC设施的皇牌,服务对象包括新加坡樟宜机场,圣陶沙名胜世界,新加坡内政部和大马皇家关说局等。




3. BJFOOD (5196)



成功食品是成功集团旗下的一家公司,专注在饮食界。旗下拥有3家公司,分别是Kenny Rogers Roasters(KRR)烤鸡店, Starbucks 星巴克,豆浆和糕点品牌 Jolibean(旗下有Sushi Deli和Kopi Alley 2个品牌)。

Wendy's, Krispy Kreme,Papa John's Pizza 是属于BJCORP的。


成功食品的主要业务遍及大马,印尼,新加坡和汶莱。成功食品拥有 Kenny Rogers Roasters(KRR)烤鸡店在大马和印尼的特许经营权,唯 Kenny Rogers 的业绩不佳一直拖累成功食品的表现。

成功食品在2014年9月18日成功买下马来西亚星巴克的50%股权后,便完全拥有和掌控大马的星巴克咖啡连锁餐厅和零售店,崛起为咖啡连锁店业界的领头羊,为其市场额超过40%。


马来西亚第一家Starbucks咖啡零售店在1998年12月在吉隆玻广场开业,而现在马来西亚星巴克已经成为了Vincent Tan – 陈志远的摇钱树。在2015年9月20日,Starbucks Ansa, Jalan Bukit Bintang, Kuala Lumpur成为了马来西亚第200家星巴克咖啡零售店。


Starbucks in Malaysia is operated by BStarbucks. From its
first store opening in Kuala Lumpur on 17 December 1998,
BStarbucks has expanded to Sabah and Sarawak and
celebrated its 17th year of operations in December 2015.
BStarbucks has more than 215 stores nationwide and is
recognised as the leading specialty coffee company and
industry benchmark in Malaysia.

BStarbucks also introduced its first drive-thru concept store
in December 2009 in Johor Bahru
. In 2012, it opened its first
suburban store in Seri Manjung, Perak.

As at 30 April 2016, it
has 24 drive-thru concept stores which are located in Klang
Valley, Johor, Penang, Perak and Pahang.

On 16 February 2014, BStarbucks spread its wings to
Brunei Darussalam, opening its first store at the Mabohai
Shopping Complex.

The store features a traditional coffee
bar also known as “slow bar”; which allows customers to
savour their coffee using the “pour over” brewing method.

On 7 September 2014, BStarbucks opened its first drivethru
concept store in Beribi. As at 30 April 2016, there are 4
Starbucks stores in Brunei.

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发表于 2017-8-12 01:50 | 显示全部楼层
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