Tuesday, July 11, 2017

Results Note � LPI Capital (BUY, maintain)

Top Calls

Results Note LPI Capital (BUY, maintain)

- Fire still burning bright

LPI continued its steady growth as 1H17 net earned premium and core PBT grew by 9.4% and 6.8% yoy respectively. As the leading fire insurance provider in Malaysia, its fire segment continues to sustain the company
s earnings growth momentum against the weaker industry trend. Impact of detariffication is likely to be manageable for LPI. Reiterate BUY with unchanged target price of RM21.40.


Other Calls

Sector Update Plantation (NEUTRAL, maintain)

- Lower production, exports and inventory in June



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

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