Wednesday, March 25, 2015

Affin Hwang Capital Daily Insight (LV) - 25 March 2015 - KPJ / AUTO / SAKP

Top Calls

Company Update KPJ Healthcare (HOLD, maintain)

- Improving operating efficiencies

We believe KPJ will continue to register positive earnings growth in 2015 led by continuous cost-saving efforts and lower losses from new hospitals. However, we remain cautious on KPJ
s outlook as its share price is slightly expensive, in addition to its vulnerability to the GST. With an unexciting growth prospect, we maintain our HOLD call with an unchanged 12-month TP of RM3.75.


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