RHB Equity 360° - 21 July 2010 (MRCB, Motor, Public Bank, Digi, MISC, Zhulian; Technical: MyEG)

Visit Note - MRCB is actively “assisting” parent Employees Provident Fund (EPF) in drawing up the masterplan for the 3,300-acre Rubber Research Institutue (RRI) land in Sungai Buloh. - The race for the 150-acre Federal land along Jalan Cochrane has now been thrown wide open as it appears that the Government may auction the land. - The key KL Sentral components currently under construction, i.e. CIMB Tower (Lot A), Nu Sentral, hotel & office towers (Lot G), GSB Sentral (Lot 348) and KL Sentral Park (Lot E) are progressing well. - FY12/10-12 net profit forecasts are reduced by 5-16% largely to reflect slower profit recognition from certain external construction jobs as well as slower construction orderbook replenishment. - Fair value is reduced by 7% from RM2.10 to RM1.96. Maintain Trading Buy.