Friday, April 24, 2015

Affin Hwang Capital Daily Insight (LV) - 24 April 2015 - WCT / PREIT / ECONOMY - ASEAN OUTLOOK


Top Calls

Company Update WCT Holdings (BUY, maintain)

- Potential share price drivers

PREIT
s 2014 realized net profit of RM60.5m (+6.8% yoy) was in-line with estimates. Earnings driver came mainly from the retail mall while the office tower continued to see lower occupancy rates. Maintain HOLD, with our TP unchanged at RM1.48. Though outlook in 2015 is expected to be less exciting, PREITs net property income is forecast to remain steady and resilient.


Other Calls

Results Note Pavilion REIT (HOLD, maintain)

- Higher rental revenue sustained by retail mall

Economy ASEAN Outlook Weekly Wrap (17 23 April 2015)

- Strong Singapores March NODX unlikely to be sustained


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