Affin Hwang Capital Daily Insight (LV) - 28 April 2015 - TNB / MAXIS / DIGI / MMHE

Top Calls

Results Note � Tenaga (BUY, maintain) - Steady quarter TNB�s 2QFY15 results were within expectations. We reaffirm our positive view on TNB, as the large extent of fuel cost over-recoveries suggest minimal earnings risk amid an increasing generation mix from coal. Maintain BUY and TP of RM17.50.

Other Calls

Results Note � Maxis (HOLD, maintain) - Lower dividends, as anticipated

Results Note � Digi (BUY, maintain) - Soft 1Q15, but still chalking up subs growth

Results Note � MMHE (SELL, maintain) - Weaker earnings yoy, maintain SELL

Morning News & Market Summary

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