Super Grp

Super Grp: UOB Kay Hian maintains Buy with $2.24 TP. House note grp is expected to release its 1Q12 results on 10 May. Expect the coming results to benefit from falling commodity prices and a pick-up in contributions from its Thailand operations. Cite grp as an attractive proxy on Asia consumption and maintain upbeat view on Super as the stock is a good proxy to Asian consumption. The group is a leading food and beverage brand owner with a strong position in Asean. Super is one of the top three in terms of mkt share for the 3-in-1 coffee segment in countries such as SG, Malaysia, Thailand and Myanmar. As for Indonesia and believe contributions to group should trend up due to its JV with Petra.