We added UMW as our top picks

We added UMW with a intuitive target value of RM 8.00.  We like UMW always except they have entered into a non experienced industry. We continue to issue a buy call as long as below RM 6.00 seems a good growth prospect.

Our top picks:

1.MBSB – target RM 1.60

2.CIMB – target RM 8.00

3. EIG – target RM 1.60

4.UMW – target RM 8.00