Tuesday, April 26, 2016

Affin Hwang Capital Daily Insight (LV) - 26 April 2016 - BURSA

Top Calls

Results Note Bursa (HOLD, maintain)

- Driven by derivatives trading and fee income

Bursa
s 1Q16 results were within our expectations. 1Q16 net profit growth was driven by expansion in derivatives trading revenue as well as more robust growth in fee income against marginally lower securities trading revenue. Maintain HOLD, with our price target unchanged at RM8.60, supported by a decent yield of 3.7-3.9%.



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

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