Monday, October 27, 2014

Affin Hwang Capital Daily Insight (LV) - 27 October 2014 - IHH / ECONOMY - US OUTLOOK / FIXED INCOME RESEARCH


Top Calls

Company Update IHH Healthcare (ADD, upgrade)

- Buy on expansion

We upgrade IHH to ADD with a higher target price of RM5.50 mainly due to earnings upgrade. The upgrade is on the back of capacity expansion in its Malaysia and Turkey operations, which are expected to register 25% and 32% additional bed capacity respectively by end- 15 and improving margins on operating leverage.


Other Calls

Economy US Outlook Weekly Wrap (20 24 Oct 2014)

- US bond buying program to end after FOMC meeting

Fixed Income Research

- Lower volume & lower duration traded



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