Friday, June 17, 2016

Affin Hwang Capital Daily Insight (LV) - 17 June 2016 - SCICOM / ECONOMY - ASEAN OUTLOOK


Top Calls

Company Update Scicom (MSC) (BUY, maintain)

- Riding on education

Scicom
s Education Malaysia Global Services (EMGS) contract continues to be a stable earnings driver as Malaysia increasingly becomes an attractive education destination. Another potential earnings driver is the extension of its e-government services to the region. Reaffirm BUY with a higher 12M target price of RM 2.62.


Other Calls

Economy ASEAN Outlook Weekly Wrap

- Bank Indonesia cut its reference rate by 25bps to 6.5%



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

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