Friday, April 22, 2016

Affin Hwang Capital Daily Insight (LV) - 22 April 2016 - TENAGA / MAXIS / AEONCR / ECONOMY - ASEAN OUTLOOK

Top Calls

Company Update Tenaga (BUY, maintain)

- Expect a steady quarter

We believe TNB
s 2QFY16 results on 27 Apr would likely be within expectations. We estimate electricity demand growth in 2QFY16 to be steady (+3.0% yoy) while usage of alternative should be minimal. We maintain our BUY rating and TP of RM15.50.


Other Calls

Results Note Maxis (HOLD, maintain)

- Resilient so far despite more competition

Results Note AEON Credit (BUY, maintain)

- Propped up by a strong quarter in 4QFY16

Economy ASEAN Outlook Weekly Wrap

- Bank Indonesia maintained its policy rate at 6.75%



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