Results Note � RHB Capital (BUY, maintain)

Top Calls

Results Note � RHB Capital (BUY, maintain) - 1Q16 a surprise, beating expectations RHBCap�s 1Q16 saw a favourable 16% yoy growth in net profit, though EPS was 2.7% lower yoy. Annualized earnings beat expectations due to effective cost-optimisation initiatives. Maintain BUY, with price target unchanged at RM7.80.

Other Calls

Results Note � Axiata (HOLD, maintain) - Weak tone from Celcom

Results Note � Sime Darby (HOLD, maintain) - Still challenging but some bright spots

Results Note � TM (HOLD, maintain) - Mobile ambitions almost a reality

Results Note � UOA Development (BUY, maintain) - Property sales improved 16% yoy

Results Note � WCT Holdings (BUY, maintain) - Reversal of fortunes

Results Note � Bonia (SELL, maintain) - FY16 remains challenging

Morning News & Market Summary

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