Friday, May 07, 2010

OSK Top Small Cap

NINETEEN new companies have made it to OSK Investment Bank's Top 50 Malaysian small cap list called "Jewel 50", OSK Research deputy head of research, Jeffrey Tan said today.

A cross-section of industries and sectors form the list, he said.

OSK also included two new categories to its OSK Top Malaysian Small Cap 2010 publication namely, financial service providers and conglomerates.

Tan said the 50 companies have an upside potential of 5-15 per cent.

In the sixth edition, OSK continued to feature 50 of Bursa Malaysia's top small cap companies but unlike the previous edition, the market capitalisation threshold has been increased to RM1.5 billion from RM1 billion.

"This is to maintain coverage depth and breadth and to ensure that the better small cap companies are represented," Tan said in a press conference in Kuala Lumpur.

The 19 new stocks in no particular order are CI Holdings, Delloyd Ventures, Signature International, Axis REIT, EP Manufacturing, Notion Vtec, Glomac, Sunway Group, Mamee-Double Decker, Multi Sports, Salcon, Faber, AEON Credit, Protasco, Zhulian, Handal, Engtek, Southern Steel and Evergreen Fibreboard.

The companies were picked for their positive share price catalyst going forward, undemanding valuation and strong fundamentals.

"Three stocks making their debut in the 2010 edition, namely Faber, C.I Holdings and Glomac are in our Top 10 list, with C.I Holdings sitting among the Top five. Some household names previously featured in our Top 10 companies - Hai-O and QL Resources - have again earned their place in our 2010 edition," Tan said.

The OSK Top Malaysia Small Cap publication has evolved into a leading small cap investment compendium in Malaysia referred to by the local and foreign investors alike to make informed investment decisions, he said.

The companies featured in the 2009 edition have performed commendably, with 32 of the 50 companies having posted absolute returns of 50-375 per cent and outperforming the benchmark FBM KLCI and FBM Emas Index, said Tan.

OSK's top 10 picks recorded absolute share price returns of 52-347 per cent in 2009, with notable winners being Mudajaya -- the top contruction pick, which rallied 347 per cent, while oil and gas player Alam Maritim surged 201 per cent.

Half of the Top 10 picks in 2009 posted an average return of 10 per cent.

The runaway winners were the glove makers, followed by the steel sector.

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