Affin Hwang Capital Daily Insight (LV) - 10 November 2014 - KLCCSS / MISC / SUPERMX / ECONOMY - TRADE / FIXED INCOME RESEARCH

Results Note � KLCC Property Hldgs (ADD, maintain) - Steady and stable KLCCPSG recorded a strong 9M14 PATAMI (+12% yoy), while announcing a 3rd interim DPS of 8.19 sen, in-line with our expectations. Operating profit was backed by a steady portfolio of office assets, while retail mall and management services drove further growth. Maintain ADD. PT is raised to RM7.50 from RM6.53.

Other Calls

Results Note � MISC (ADD, maintain) - Improving tanker rates

Results Note � Supermax (REDUCE, downgrade) - Less than Super 3Q14 results�

Economy - Trade - Exports rose by 2% yoy in September

Fixed Income Research - Biddish on 10yr, duration appetite evident, disappointing NFP to support govies

Morning News & Market Summary