Tuesday, May 23, 2017

Results Note - Tune Protect (BUY, maintain)

Top Calls

Results Note - Tune Protect (BUY, maintain)

- Managing expectations

Tune Protect's 1Q17 net profit of RM11.9m came broadly in line with our estimate but underperformed consensus expectations. The continued adverse effect from regulatory changes, higher claims and lower investment income contributed to the disappointing results. We expect a negative pullback in the share price, and reiterate our BUY rating with an unchanged TP of RM1.57.

Other Calls

Results Note - Gabungan AQRS (BUY, maintain)

- 1Q17 results: Boost from land-sale gains

Results Note - KLCCPSG (HOLD, maintain)

- Bearing with a weaker 1Q17

Results Note - Kuala Lumpur Kepong (BUY, maintain)

- Solid 1HFY17 earnings on high CPO and PK prices

Results Note - SCICOM (MSC) (BUY, maintain)

- Affected by stricter conditions for foreign pupils

Results Note - UMW-OG (HOLD, maintain)

- Utilisation to improve yoy

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