Tuesday, June 13, 2017

Company Update � KESM Industries (BUY, maintain)

Top Calls

Company Update KESM Industries (BUY, maintain)

- Raising capex again

We hosted KESM at our office last week, post the recent results. KESM recently delivered a strong 9MFY17 results with earnings up 39% yoy. Our revenue growth expectations is raised, judging by the even stronger capex planned for FY17E. Maintain BUY but with a higher target price of RM21.80.


Other Calls

Economic Update Malaysia- IPI

- Malaysias IPI slows to 4.2% yoy in April



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

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