FW: Affin Hwang Capital Daily Insight (LV) - 6 September 2017 - STRATEGY / INSURANCE

 

Investment Research                   Affin Hwang Capital Daily Insight | Wednesday, 6 September 2017        KLCI Index (12-month)  Research Team     research@affinhwang.com    Alan Tan  Chief Economist | RESEARCH     +603 2146 7540     alan.tan@affinhwang.com Top Calls   Malaysia Strategy (OVERWEIGHT, maintain) - 2Q17 roundup: Some disappointment seeps in The 2Q17 corporate earnings seasons was disappointing with the number of misses increasing to 44% of our coverage. With slower GDP growth anticipated in 2H17, there could be further downside risk. Nevetheless, there are sufficient drivers to ensure our lowered 2017-18E corporate earnings growth of 2.7-6.8% is achieved, in our view. Maintain Overweight with a 2017 year-end target of 1,813 (based on 17.9x 2017E earnings).   Other Calls   Sector Update � Insurance (OVERWEIGHT, maintain) - A better Life than General Morning News & Market Summary