Affin Hwang Capital Daily Insight (LV) - 19 November 2014 - SUNWAY / CIMB / LMC / DIALOG / HARTA / MRCB / MBM / BENALEC

Top Calls

Results Note � Sunway (BUY, upgrade) - 9M14 Property sales up 14% We upgrade Sunway to BUY on share price weakness (total return of 15%). TP unchanged at RM3.60. Sunway�s 9M14 core earnings came within our and street estimates. YTD earnings were underpinned by higher contribution from property and construction segments.

Other Calls

Results Note � CIMB Group (REDUCE, maintain) - Hit by headwinds from Indonesia

Results Note � Lafarge Malaysia (REDUCE, maintain) - Higher operating costs dampen margins

Results Note � Dialog Group (REDUCE, maintain) - Not as rosy as anticipated

Results Note � Hartalega (ADD, maintain) - Higher start-up costs drags 1H15 profits

Results Note � MRCB (BUY, maintain) - Keeping forecast in spite of weak 3Q14

Results Notes � MBM Resources (BUY, upgrade) - Recovery to be seen next year

Results Note � Benalec Hldgs (TR BUY, maintain) - Profits from land sales coming through

Morning News & Market Summary

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