Affin Hwang Capital Daily Insight (LV) - 15 March 2016 - WCT / AMCORP / TOPG

Top Calls

Company Update � WCT Holdings (BUY, maintain) - Aggressive plans WCT highlighted its aggressive plans to list its construction and property investment divisions during a corporate roadshow in Singapore on 11 March. It targets to reduce gearing from 0.8x to 0.4x and unlock value in its construction business, shopping mall assets and landbank. Prospects look good to grow its construction order book and improve property sales with new launches. We reiterate our BUY call and raise our 12-month target price to RM1.90, based on a 20% discount to RNAV.

Other Calls

Company Update � Amcorp Properties (BUY, maintain) - Acquires another London property

Flash Note � Top Glove (BUY, maintain) - Dual listing on SGX

Morning News & Market Summary

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