Affin Hwang Capital Daily Insight (LV) - 5 August 2015 - HARTA / PETGAS / MISC

Top Calls

Results Note � Hartalega (HOLD, maintain) - As well as expected Hartalega�s 1QFY16 results were in line with our and consensus expectations. Earnings grew 14% qoq, with a higher contribution from Phase 1 of its NGC. Nevertheless, we expect stronger sequential earnings momentum as more capacity comes on-stream. While we make no changes to our earnings forecasts, we increase our target P/E to 23x due to a more favourable operating environment. Maintain HOLD and raise TP to RM 9.00.

Other Calls

Results Note � Petronas Gas (HOLD, maintain) - A lacklustre quarter

Results Note � MISC (HOLD, maintain) - Petroleum segment boosts earnings

Morning News & Market Summary

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