FW: Affin Hwang Capital Daily Insight (LV) - 18 August 2017 - MPI / ALLZ / CLH / JAKS / SPSB / CAB

 

Investment Research                   Affin Hwang Capital Daily Insight | Friday, 18 August 2017        KLCI Index (12-month)  Research Team     research@affinhwang.com    Chue Kwok Yan  Head of Research | RESEARCH     +603 2146 7618     kwokyan.chue@affinhwang.com    Alan Tan  Chief Economist | RESEARCH     +603 2146 7540     alan.tan@affinhwang.com Top Calls   Results Note � MPI (SELL, downgrade) Weak earnings momentum FY17 results were within expectations. The earnings momentum was weak in 4QFY17, however, impacted by lower sales and a stronger RM. We lower slightly the TP to RM12 and downgrade MPI to Sell on the risk of further appreciation of the RM over the near term.   Other Calls   Results Note � Allianz Malaysia (BUY, maintain) - Temporary blip Results Note � Century (BUY, maintain) - 2Q17: Results below expectations Results Note � Jaks Resources (HOLD, maintain) - Property development takes its toll on JAKS Results Note � SP Setia (Suspended) - Strong international sales momentum Results Note - Carlsberg (HOLD, maintain) - Brewing well Economic Update � ASEAN Weekly Wrap - Philippine�s GDP growth rose to 6.5% yoy in 2Q17 Morning News and Market Summary   Asiamoney Broker Poll 2017 are now open for votes. If our research/sales/sales traders have helped you in your work, we hope for your support in the polls. For the full list of our staff and their coverage, please click on this link: Affin Hwang Capital team   For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports. Unsubscribe You are currently subscribed to receive this email newsletter daily. If you no longer want to receive our email newsletter - Go here to unsubscribe and we will promptly remove you from our mailing list.   Privacy Affin Hwang Investment Bank Berhad respects your privacy and is committed to protecting the confidentiality and security of personal information provided to us. We will not use your personal information in this email newsletter or sell your email address to a third party. Go here to contact us. We welcome questions about our use of your personal information provided to us, or your comments about information that you would like to see incorporated in this newsletter.   Affin Hwang Investment Bank Berhad | 22nd Floor Menara Boustead | 69 Jalan Raja Chulan | 50200 Kuala Lumpur | Malaysia The downloaded documents are in PDF format and are best viewed in Adobe Reader.