Monday, July 6, 2015

Affin Hwang Capital Daily Insight (LV) - 6 July 2015 - AEONCR / ECONOMY - TRADE / ECONOMY - US OUTLOOK

Top Calls

Company Update AEON Credit (BUY, maintain)

- Weathering the industry challenges

We maintain our BUY on AEONCS with a TP of RM16.10 (9x CY16 EPS). AEONCS is an alternative stock to the banking sector
ROE generation remains above 20% while receivables growth is expected to be robust (>20% yoy). Recent 1QFY16 results were in-line.


Other Calls

Economy Trade

- Malaysias exports contracted by -6.7% yoy in May

Economy US Outlook Weekly Wrap (29 June 3 July 2015)

- US nonfarm payrolls rose by 223k in June



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

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