Summary 2: HSL, DRBHCOM, TM

4. HSL

Price when mentioned: RM1.84 (close price on 24-Nov-2010)
Latest market price: RM1.85 (close price on 3-Dec-2010)
How much I think it should worth? RM2.27 to RM2.30 (I quite agree with the target price from some of the research house)

Still attractive? Yes (Proxy to Sarawak election theme play, strong balance sheet with net cash position, upside potential will be the announcement of any future projects won)

5. DRBHCOM


Price when mentioned: RM1.30 (close price on 25-Nov-2010)
Latest market price: RM1.43 (close price on 3-Dec-2010)
How much I think it should worth? RM1.80 (if market agree to 7.39PER)

Still attractive? Yes

6. TM

Price when mentioned: RM3.35 (close price on 26-Nov-2010)
Latest market price: RM3.44 (close price on 3-Dec-2010)
How much I think it should worth? RM3.64 (if market require return of 5.5%, TM forever pay 20 sen dividend yearly)

Still attractive? Yes (Special dividend maybe coming, High Speed Broadband may surprise on the upside, but fixed line telephone likely to face pressure)