Tuesday, September 23, 2014

Affin Daily Insight (LV) - 23 September 2014 - TOBACCO / SCICOM / DMR

Top Calls

Sector Update - Tobacco (UNDERWEIGHT, maintain)

- Stubbing out the flames

In view of the challenging environment and diminishing yield appeal, we maintain our UNDERWEIGHT stance on the tobacco sub-sector. We expect industry sales volume to remain depressed given rising inflationary pressures and a possible excise duty hike before the upcoming budget.


Other Calls

Company Note Scicom (MSC) (Not rated)

- Malaysias outsourcing champion

Debt Market Research

- Range bound awaiting data, China concerns to keep yields supportive



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