Left Brain Right B - the DBS Vickers Securities Equities Research
Left Brain Right B - the DBS Vickers Securities Equities Research
Left Brain Right B - the DBS Vickers Securities Equities Research
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Regional Equity Strategy 4Q 2009<br />
Table of Contents<br />
Table of Contents<br />
Strategy Overview<br />
Market Data 4<br />
Stock Profiles Key Data 5<br />
Strategy Overview: Asia Equity 6<br />
Regional Data Monitor 38<br />
Country Assessments & Stock Profiles<br />
Singapore Spinning <strong>the</strong> wheel 41<br />
MobileOne Hitting <strong>the</strong> right buttons for NBN 54<br />
Singapore Airlines Stronger prospects ahead 56<br />
SPH Go for <strong>the</strong> cash 58<br />
Suntec REIT More room to shine 60<br />
UOB On track for recovery 62<br />
Hong Kong / China Party continues 64<br />
Bank of China Hong Kong Tighter cooperation with parent 80<br />
Bank of China An undervalued big three bank 82<br />
China Petroleum & Chem Up-cycle profit, mid-cycle value 84<br />
China Railway Group Heading high growth phase 86<br />
MTR Corporation Defensive growth stock 88<br />
Malaysia Cherry-picking in <strong>the</strong> upcycle 90<br />
Hong Leong Bank Flight to quality 106<br />
MISC Improved outlook 108<br />
Thailand Liquidity driven rally 110<br />
Siam Cement Riding on economic recovery 124<br />
Thai Airways Taking off in <strong>the</strong> high season 126<br />
Total Access Communication Best 3G play 128<br />
Indonesia Raising growth momentum 130<br />
Bank Rakyat Indo Faster than <strong>the</strong> o<strong>the</strong>rs 138<br />
Bukit Asam Domestic play 140<br />
<strong>DBS</strong> <strong>Vickers</strong> <strong>Securities</strong><br />
Singapore l Hong Kong / China l Thailand l Malaysia l Indonesia<br />
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