Monday, March 14, 2016

Affin Hwang Capital Daily Insight (LV) - 14 March 2016 - GLOBE / ECONOMY - MALAYSIA IPI

Top Calls

Company Update Globetronics (BUY, maintain)

- Singapore NDR feedback

After our investor meetings, we sense that clients remain cautiously optimistic on the stock. While 1Q16 results will likely be weak, we believe share-price selling pressure has troughed and expect a meaningful rebound once the new sensors begin commercial production. Reaffirm BUY. Globe is one of our top country picks.


Other Calls

Economic Update Malaysia IPI

- Industrial production rises by 3.2% yoy in January



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

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