Thursday, August 24, 2017

FW: Affin Hwang Capital Daily Insight (LV) - 24 August 2017 - UCHI / UOAD / GENP / IJMP / HAPL / IJM / MBM / IHH / CPI




 Investment Research






       Affin Hwang Capital Daily Insight | Thursday, 24 August 2017






 KLCI Index (12-month)

 Research Team

 Chue Kwok Yan
 Head of Research | RESEARCH
    +603 2146 7618

 Alan Tan
 Chief Economist | RESEARCH
    +603 2146 7540

Top Calls


Results Note Uchi Tech (BUY, upgrade)

- Smelling the coffee

s 2Q17 results were above expectations. We raise our 2017-19 EPS forecasts by 14%-30% to account for the improved near-term outlook resulting from better demand for high-end automated coffee machines from its end-customer Jura. With the improved prospects, undemanding valuation (2018E PE of 13x) and attractive 2018E yield of 7.6%, we upgrade Uchi to BUY and with a higher TP of RM2.67.



Other Calls


Results Note UOA Development (BUY, maintain)

- Stronger quarter


Results Note Genting Plant (BUY, maintain)

- Higher yoy earnings as production and ASPs rise


Results Note IJM Plant (HOLD, downgrade)

- Disappointing start to the year


Results Note Hap Seng Plant (HOLD, maintain)

- Within expectations


Results Note IJM Corp (HOLD, maintain)

- Manufacturing and plantation drag


Results Note MBM Resources (HOLD, maintain)

- Weak vehicles sales continue to be a drag


Results Note IHH Healthcare (HOLD, maintain)

- Hiccups from new hospitals continue


Economic Update Malaysia- CPI

- Headline inflation improved to 3.2% yoy in July


Morning News & 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.



No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts with Thumbnails