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Top Calls
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Results Note - Tenaga
(BUY, maintain)
-Strong finish TNB's FY14 results were above our expectations. We reaffirm our positive view on TNB, one of our top picks, on a favourable fuel-generation mix amid a rebound in electricity demand. Maintain BUY with higher TP of RM16.50 on 14-16% hikes to FY14-16E earnings.
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Other Calls
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Economy - US Outlook -
Weekly Wrap (27 - 30 Oct)
-US Fed likely to hike policy rate gradually from 2Q15
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