2014-01-12 [Info] Hong Leong's Top Picks for 2014

Public Watchlist: Hong Leong's Top Picks for 2014

2014 Outlook & Strategy (by HLIB: 10 Dec 2013) We expect macro risks to diminish into 2014 with global growth picking up to 3.6% reinforced by synchronised growth among major economies. Malaysia's real GDP growth to pick up slightly to 5.0% in 2014 as stronger net exports offset slower domestic demand growth. Malaysia a low Beta market given relatively large fund management industry, lower foreign shareholding (close to trough), recent foreign selldown well absorbed, FBM KLCI P/E premium valuation vs. peers at 5-year average, less volatility and low Beta vs. MSCI Asia ex-Japan. These should help limit impact of outflow pressure from tapering. End 2014 FBM KLCI target pegged at historical mean P/E valuation of 14.71x or 1,910.

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Last updated: 09:07:01 am

Stock Name	Ref Date	Ref Price	Price Diff	Last	Range	Open	Change	Volume	Note
BRAHIMS	10/12/2013	1.62	+0.57	2.19	0.00 - 0.00	2.19	0.00	0
DRBHCOM	10/12/2013	2.68	+0.04	2.72	0.00 - 0.00	2.72	0.00	0
GENTING	10/12/2013	10.14	-0.02	10.12	0.00 - 0.00	10.12	0.00	0
IJM	10/12/2013	5.84	-0.04	5.80	0.00 - 0.00	5.80	0.00	0
MATRIX	10/12/2013	3.36	+0.45	3.81	0.00 - 0.00	3.81	0.00	0
MAYBANK	10/12/2013	9.90	-0.09	9.81	0.00 - 0.00	9.81	0.00	0
PHARMA	10/12/2013	4.50	-0.01	4.49	0.00 - 0.00	4.49	0.00	0
SCOMIES	10/12/2013	0.72	+0.11	0.83	0.00 - 0.00	0.83	0.00	0
SKPETRO	10/12/2013	4.47	+0.18	4.65	0.00 - 0.00	4.65	0.00	0
SUNWAY	10/12/2013	2.70	+0.08	2.78	0.00 - 0.00	2.78	0.00	0
TENAGA	10/12/2013	10.96	+0.84	11.80	0.00 - 0.00	11.80	0.00	0
TM	10/12/2013	5.47	-0.03	5.44	0.00 - 0.00	5.44	0.00	0