Small/Mid Cap Strategy and Stock Picks - the DBS Vickers ...

Regional Small/Mid Cap Strategy Q2 2008
Country Assessment
Selected small-mid caps (sorted by market capitalisation)
Mkt
Cap
Price
25-Mar
Target
Price
Target
Return
Earnings
growth (%)
(RMm) (RM) (RM)
CAGR
(%)
(%) 08F 09F 07-
09F
PER (x) Div Yield (%)
08F 09F 08F 09F
Litrak 1,762 3.58 4.30 20.1 12.6 11.0 11.8 17.4 15.7 2.0 2.0
Wah Seong Corp 1,454 2.20 3.00 36.4 (19.8) 2.2 (9.5) 13.5 13.2 0.8 0.8
MRCB 1,261 1.39 2.25 61.9 126.4 20.3 65.0 13.6 11.3 1.8 2.2
TSH Resources 1,115 2.70 5.00 85.2 47.7 9.6 27.2 9.1 8.3 1.9 1.9
Petra Perdana 1,101 3.70 4.60 24.3 13.3 5.5 9.3 11.3 10.7 0.1 0.1
Kinsteel 1,048 1.16 1.70 46.6 14.3 24.1 19.1 8.3 6.7 1.3 1.3
Pelikan Int’l 987 3.38 5.70 68.6 15.8 12.0 13.9 9.1 8.1 3.9 4.4
Sunrise 959 2.14 4.00 86.9 4.6 68.2 32.7 5.9 5.0 - 7.3
Alam Maritim 898 1.85 3.20 73.0 38.3 31.0 34.6 12.8 9.8 0.6 0.6
Southern Steel 866 2.14 3.00 40.2 (26.4) 7.1 (11.2) 6.4 6.0 3.5 3.5
Eastern & Oriental 754 1.80 3.80 111.1 (12.0) 25.4 5.0 12.1 9.6 1.4 1.4
Sunway Holdings 723 1.32 2.40 81.8 n.m. 33.4 n.m. 9.6 7.2 - -
Evergreen F’board 624 1.30 2.50 92.3 10.5 17.3 13.9 5.0 4.3 5.8 6.9
CB Industrial 553 4.02 7.90 96.5 57.2 25.4 40.4 7.6 6.1 3.9 4.9
Axis REIT 435 1.70 2.60 52.9 (10.8) (18.6) (14.8) 17.4 21.4 5.5 4.5
TRC Synergy 247 1.75 2.95 68.6 45.9 17.7 31.1 5.2 4.4 4.8 5.6
Source: DBS Vickers
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