Affin Hwang Capital Daily Insight (LV) - 7 September 2015

Top Calls

Sector Update � Construction (OVERWEIGHT, maintain) Project roll out accelerates The pace of major construction project roll-outs picked up in 3Q15. Gamuda and its partners were appointed the project delivery partner (PDP) for the RM27bn Penang Transport Master Plan (PTMP) project while MRCB-George Kent was appointed the PDP for the RM9bn Light Rail Transit Line 3 (LRT3) project. We remain Overweight on the construction/infrastructure sector as major construction contract awards will provide a catalyst for an upward re-rating of the sector. Top BUYs are Gamuda, IJM Corp and MRCB.

Other Calls

Sector Update - Healthcare (OVERWEIGHT, maintain) Admirable performance in 1H15

Flash Note � MRCB (BUY, maintain) Lands the big one

Economic Update � Malaysia � Foreign Reserves - Reserves rose slightly to US$94.7bn as at end-August

Economic Update � Malaysia � Trade - Exports growth of 3.5% yoy in July

Economic Update � US Weekly Wrap - US unemployment rate improved to 5.1% in August

Mornings News & Market Summary

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