Tuesday, March 17, 2015

Affin Hwang Capital Daily Insight (LV) - 17 March 2015 - MBM / WCT / AQRS


Top Calls

Company Update MBM (BUY, maintain)

- Shifting gears to overdrive

We continue to like MBMR as our top pick in the auto sector given the: i) full-year sales contribution of the newly-launched Axia and facelifted Myvi; ii) potential recovery from its OMI alloy wheel plant; and iii) increased efficiencies from new manufacturing plants (Hino, Perodua). We reaffirm our BUY call and TP of RM3.85.


Other Calls

Flash Note WCT Holdings (BUY, maintain)

- Rights issue and bonus warrant issue proposed

Flash Note Gabungan AQRS (BUY, maintain)

- KK JV is positve for group



For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

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