Affin Hwang Capital Daily Insight (LV) - 6 May 2015 - GENP / KLCCP / MAHB / HARTA

Top Calls

Company Update � Genting Plant (HOLD, maintain) - Downside risks Operational performance guidance is within our expectations, with 2015E FFB production growth of 10%-12%, downstream expansion in progress and property demand still slow. We see no drivers for an upgrade but downside risk to CPO price has increased, especially with the impending Indonesian export levy. We maintain HOLD with an unchanged price target of RM10.65 based on 17x 2016E EPS.

Other Calls

Results Note � KLCC Property (BUY, maintain) - A weak 1Q15, some temporary hiccups

Results Note � Malaysia Airport (SELL, maintain) - Dragged down by Istanbul operation

Results Note � Hartalega (HOLD, maintain) - FY15 earnings dragged down by NGC costs

Morning News & Market Summary

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