FW: Affin Hwang Capital Daily Insight (LV) - 28 August 2017 - HSS / SCIC / PENB / PKS / BAB / SIME

 

Investment Research                   Affin Hwang Capital Daily Insight | Monday, 28 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   Company Update � HSS Engineers (BUY, maintain) - Positive prospects HSS could secure more contracts like ECRL, Pan Borneo and HSR with its tender book of RM250-300m. We tweaked our FY17E earnings to reflect better timing in securing new contracts and progress billing on its existing order book of RM358m. We upgrade our TP for HSS to RM1.34, giving potential upside of 20% (based on 2018E PER of 17x). Share price has reacted positively to the Securities Commission and Bursa Malaysia�s recent approval of HSS� listing transfer to Main Board. HSS remains our top small-cap top BUY among construction stocks.   Other Calls   Results Note � SCICOM (MSC) (BUY, maintain) - In line with expectations Results Note � Petra Energy (HOLD, downgrade) - Higher cost base expected Results Note � Parkson (Cease Coverage) - Ending FY17 with huge loss Results Note � Bumi Armada (BUY, maintain) - Clearer sky from here on Results Note - Sime Darby (HOLD, maintain) - A good end to the year 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.