Monday, October 19, 2015

Affin Hwang Capital Daily Insight (LV) - 19 October 2015 - PBK / TNB

Top Calls

Company Update Public Bank (BUY, maintain)

- Share price weakness unjustified

Public Bank
s 3Q15s results are expected to remain steady. Despite persistent industry challenges, we do not foresee any immediate negative impact to PBB, judging from its steady loan approvals, asset quality and steady non-interest income. Overseas contributions are also picking up. Maintain BUY, PT at RM21.80.


Other Calls

Company Update Tenaga (HOLD, maintain)

Submits conditional offer for Edras assets



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

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