Affin Daily Insight (LV) - 22 September 2014 - SWB / AUTO / ASTRO / BJTOTO / ECONOMY - US OUTLOOK / DMR

Top Calls

Company Update � Sunway Bhd (ADD, maintain) - Two is greater than one We are positive on the proposed listing of Sunway Construction Group (SCG). We foresee keen investor demand for SCG shares in view of the positive construction sector outlook and SCG�s strong project track record. Also, the exercise will unlock SCG�s value and offer Sunway shareholders a flexibility to optimise their resource allocation. Maintain ADD. We raised our TP by 9% to RM3.60, valuing SCG at 14x CY15 EPS and the other businesses at a 30% discount to RNAV.

Other Calls

Sector Update - Auto & autoparts (NEUTRAL, maintain) - Sustained growth backed by foreign marques

Results Note - Astro Malaysia (ADD, maintain) - 1HFY15: Subs and ARPU still on upward trend

Results Note - Berjaya Sports Toto (ADD, maintain) - Poor luck factor

Economy � US Outlook � Weekly Wrap (15 � 19 Sep 2014) - Moderate US GDP growth in 2H14

Debt Market Research - Bullish follow through post-non OPR hike but for how long?

Morning News & Market Summary