Friday, May 6, 2016

Affin Hwang Capital Daily Insight (LV) - 6 May 2016 - IOICORP / ECONOMY - ASEAN OUTLOOK


Top Calls

Company Update IOI Corp (HOLD, upgrade)

- Focused on lifting of RSPO suspension

IOI is focused on taking corrective actions for early lifting of the RSPO membership suspension. We believe a prolonged suspension will have significant impact on its profitability and valuation as the specialty oils & fats business accounts for around 11% of group EBIT. We maintain our forecasts and target price but upgrade the stock rating from SELL to HOLD on valuation.


Other Calls

Economy ASEAN Outlook Weekly Wrap

- Indonesias GDP growth fails to gather steam in 1Q16



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

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