Results Note � Hartalega (HOLD, maintain)

Top Calls

Results Note � Hartalega (HOLD, maintain) - Robust volume sales growth No surprises in Hartalega�s 2Q17 results as it registered sequential recovery on robust sales volume growth and bolstered by the weaker Ringgit. Margin expanded on higher utilisation rates and efficiency gains, as unit costs fell on increased volume. Overall performance is commendable, although we remain cautious on sustained long-term profitability decline. Maintain HOLD.

Other Calls

Results Note � Amcorp Properties (HOLD, maintain) - Weak 1HFY17 within expectations

Morning News & Market Summary

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