Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Friday, January 4, 2013

RHB Research maintains Overweight on telco sector

KUALA LUMPUR: RHB Research Institute is maintaining its Overweight outlook on the telecommunications sector with Time dotCom as its top pick.

It said on Friday while valuations are not cheap, it expects monetary policy to remain accommodative and supportive of the country's economic growth amid ample liquidity.

“Therefore, investors may continue to seek out telecom stocks offering generous dividend yields,” it said.


“Among the telcos, only DiGi has offered guidance for 2013 and management expects revenue to grow by 5%-7%. Apart from Time dotCom, we believe DiGi offers the strongest revenue and earnings growth prospects in 2013 based on our forecast of 8% and 9% respectively,” said RHB Research.


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