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

Results Note - UOA Development (BUY, maintain) - Below expectations

Results Notes - Uchi Tech (HOLD, maintain) - Flattish 1Q17 yoy

Results Note - Lafarge Malaysia (HOLD, maintain) - First Red Quarter

Sector Update - Auto & Autoparts (NEUTRAL, maintain) - Dashing Ahead

Morning News & Market Summary

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