Monday, June 29, 2015

Affin Hwang Capital Daily Insight (LV) - 29 June 2015 - MPRIMA / ECONOMY - US OUTLOOK

Top Calls

Company Update Media Prima (SELL, maintain)

- Rough times

We remain cautious on Media Prima (MPR) given the weaknesses in its main TV and print segments as well as the challenging and continuous uncertainties in the market. Given the slowdown in adex and newspaper circulation, we cut MPR
s FY15-17E core EPS by 20-36%. Maintain our SELL rating on MPR with a lower TP of RM1.07.


Other Calls

Economy US Outlook Weekly Wrap (22 26 June 2015)

- A smaller decline of -0.2% in US GDP growth in 1Q15



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

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