Affin Hwang Capital Daily Insight (LV) - 7 August 2015 - MBSB / KLCI / ECONOMY - MACRO FEEDBACK / ECONOMY - ASEAN OUTLOOK

Top Calls

Results Note � MBSB (HOLD, upgrade) - Increased impairment in 2Q15 MBSB�s 2Q15 net profit down 63% yoy and 31% qoq due to additional impairment provisions. Nonetheless, this has been well-anticipated as management undertake initiatives to close the gap with banking institutions� practices. Upgrade to HOLD (from SELL), PT at RM1.80.

Other Calls

Strategy � KLCI (NEUTRAL, maintain) - Foreign interest remains muted

Economy � Malaysia - Macro Feedback - Focus on underlying macroeconomic fundamentals

Economy � ASEAN Outlook � Weekly Wrap - Indonesia�s GDP growth slowed to 4.67% yoy in 2Q15

Morning News & Market Summary

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