Affin Hwang Capital Daily Insight (LV) - 1 June 2015 - TM / RHBC / THR / BANKING SU

Top Calls

TM - (HOLD, maintain) A muted start 1Q15 results were broadly within expectations. Management guided that turning around the wireless business in P1 is an ongoing process and we do not expect losses to narrow until P1 revamps its wireless business with new products. In the short term, we view P1 as a potential drag to TM's earnings. Maintain HOLD with an unchanged target price of RM6.98.

Other Calls

RHB Capital - (HOLD, maintain) 1Q15 results below KPIs

Tong Herr - (BUY, maintain) Exports spur topline growth

Banking SU - (NEUTRAL, maintain) Apr15 loan growth indicators normalized

Morning News & Market Summary

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