After months of waiting, mass production of Globe�s new light sensor has begun and is ramping up nicely, based on our talk with management.

Top Calls

Company Update � Globetronics (BUY, maintain) - Fret not, here comes the light After months of waiting, mass production of Globe�s new light sensor has begun and is ramping up nicely, based on our talk with management. Earnings from this new sensor should be significant from this year, given the volumes and ASPs. On the whole, sensorproduction volumes in 2017 should surpass 2015 peak levels (recent record earnings) by 18% and underpin our 203% yoy EPS growth in 2017E, albeit off a low base. Reaffirm BUY with a higher TP of RM8.

Other Calls

Company Update � Perak Transit (BUY, maintain) - Bonus issue and free warrants

Economic Update � Malaysia-Trade - Exports slow to 20.6% yoy in April

Morning News & Market Summary

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