Affin Hwang Capital Daily Insight (LV) - 26 February 2015 - HLBK / AXIATA / MMC / GENP / SWB / KOSSAN / UOA / MPRIMA / WCT / TAANN / BONIA / TONGHERR / PENB / AQRS

Top Calls

Results Note � Hong Leong Bank (BUY, maintain) - Withstanding a challenging environment Hong Leong Bank�s (HLB) 6MFY15 PAT of RM1,099m (+3.2% yoy) came in within Affin Hwang�s and consensus expectations. The major surprise in 2QFY15 was further recoveries in individual allowances. A capital-raising could be imminent, subject to regulatory approvals. Maintain BUY, PT raised to RM17.00.

Other Calls

Results Note � Axiata (SELL, maintain) - Lacking zest

Results Note � MMC Corporation (BUY, maintain) - Boosted by Tanjung Bin and lumpy gains

Results Note � Genting Plant (HOLD, maintain) - Excluding 4Q14 land sale profit, in line

Results Note � Sunway (BUY, maintain) - Construction segment drove earnings

Results Note - Kossan (BUY, maintain) - Looking towards 2015

Results Note - UOA Development (HOLD, maintain) - Achieved RM1.6bn property sales in 2014

Results Note - Media Prima (SELL, downgrade from HOLD) - Disappointment continues

Results Note - WCT Holdings (BUY, maintain) - Lower margins and billings cut profitability

Results Note - Ta Ann (BUY, maintain) - Fruitful year � plantation future key driver

Results Note - Bonia (HOLD, downgrade) - Finding growth a stretch

Results Note - Tong Herr (BUY, maintain) - Stainless steel segment drove sales

Results Note - Petra Energy (SELL, maintain) - Another weak quarter, below expectations

Results Note - Gabungan AQRS (BUY, maintain) - 2014 results within expectations

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