Affin Hwang Capital Daily Insight (LV) - 30 April 2015 - MPI / ECONOMY - ASEAN OUTLOOK / ECONOMY - MONETARY POLICY

Top Calls

Results Note � MPI (HOLD, maintain) - Stronger despite seaonally weak quarter Despite a seasonally weaker quarter, MPI�s 3QFY15 results were a pleasant surprise. We upgrade our 2015-17E EPS by 7-18% to reflect this, yet valuations are still not that enticing with the stock trading at 17x CY16E EPS. Maintain HOLD with a higher TP of RM6.24.

Other Calls

Economy � ASEAN Outlook � Weekly Wrap (24 � 29 April 2015) - BOT made a surprise cut to its benchmark rate to 1.5%

Economy � US Economy � Monetary Policy - US Fed turned slightly cautious on economic outlook

Morning News & Market Summary

For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.