Monday, September 7, 2015

Affin Hwang Capital Daily Insight (LV) - 7 September 2015

Top Calls

Sector Update Construction (OVERWEIGHT, maintain)

Project roll out accelerates

The pace of major construction project roll-outs picked up in 3Q15. Gamuda and its partners were appointed the project delivery partner (PDP) for the RM27bn Penang Transport Master Plan (PTMP) project while MRCB-George Kent was appointed the PDP for the RM9bn Light Rail Transit Line 3 (LRT3) project. We remain Overweight on the construction/infrastructure sector as major construction contract awards will provide a catalyst for an upward re-rating of the sector. Top BUYs are Gamuda, IJM Corp and MRCB.


Other Calls



Economic Update Malaysia Foreign Reserves

- Reserves rose slightly to US$94.7bn as at end-August

Economic Update Malaysia Trade

- Exports growth of 3.5% yoy in July

Economic Update US Weekly Wrap

- US unemployment rate improved to 5.1% in August



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

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts with Thumbnails