Affin Hwang Investment Bank Bhd

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Affin Hwang Investment Bank Bhd

15 May 2018, 08:00 am

Heineken Malaysia expected to keep growing premium brandsHeineken Malaysia Bhd (May 14, RM22.50) Maintain hold with an unchanged target price of RM20.75: Heineken Malaysia Bhd recorded a 10.5% year-on-year (y-o-y) growth in its revenue for first quarter of financial year 2018 (1QFY18) to RM433.8 million, driven by higher ...

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

15 May 2018, 08:00 am

18 Dec 2017, 08:00 am

‘Value chain transformation’ a positive for Aeon CreditAeon Credit Service (M) Bhd (Dec 15, RM13.32) Maintain buy with a higher target price (TP) of RM15.30: The upgrade in our TP on Aeon Credit Service (M) Bhd is due to the positive results of the “value chain transformation project”, which may potentially rerate its s...

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

18 Dec 2017, 08:00 am

28 Nov 2017, 08:00 am

UMW-OG sees first quarterly profitUMW Oil & Gas Corp Bhd (Nov 28, 31.5 sen) Upgrading to buy with an unchanged discounted cash flow (DCF)-derived target price (TP) of 35 sen: This is the first quarter that the group has reported a profit since the fourth quarter of financial year 2015 (4QF...

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

28 Nov 2017, 08:00 am

13 Nov 2017, 08:00 am

PetChem 3Q profit above expectationsPetronas Chemicals Group Bhd (Nov 10, RM7.44) Maintain buy with a higher target price of RM8.25: Petronas Chemicals Group Bhd’s (PetChem) third quarter ended Sept 30, 2017 (3QFY17) net profit came in at RM913 million, bringing nine months (9M) of FY17’s to RM3.17 bi...

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

13 Nov 2017, 08:00 am

31 Oct 2017, 08:00 am

HSS Engineers’ SMHB acquisition expected to be earnings-accretiveHSS Engineers Bhd (Oct 30, RM1.17) Maintain buy with an unchanged target price of RM1.34: HSS Engineers Bhd has proposed a one-for-10 rights issue of new shares to raise up to RM31.9 million with issuance of bonus issue shares at one-for-two rights shares and free w...

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

31 Oct 2017, 08:00 am

26 Oct 2017, 08:00 am

Pecca to benefit from automotive segment recoveryPecca Group Bhd (Oct 25, RM1.39) Initiate coverage with hold and a target price (TP) of RM1.52: Pecca Group Bhd is an established automotive leather upholstery player in Malaysia with a leading 68% market share. In our view, Pecca is poised to benefit from the...

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

26 Oct 2017, 08:00 am

17 Jul 2017, 08:00 am

Catalyst needed to drive Westports’ growthWestports Holdings Bhd (July 14, RM3.69) Maintain hold with a target price (TP) of RM3.95: Larger-than-expected shifts in United Arab Shipping Co’s (UASC) and CMA CGM’s throughput to Port of Singapore Authority (PSA) have resulted in lower trans-shipment volume....

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

17 Jul 2017, 08:00 am

27 Apr 2017, 08:00 am

Globetronics seen to achieve stronger 2HGlobetronics Technology Bhd (April 26, RM5.35) Maintain buy with a target price (TP) of RM5.75: Globetronics Technology Bhd reported first quarter ended March 31, 2017 (1QFY17) revenue of RM49.8 million (down 15.2% year-on-year [y-o-y]), but with a higher net profit...

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

27 Apr 2017, 08:00 am

09 Mar 2017, 08:00 am

IHH Healthcare net profit expected to grow 10% y-o-y in 2017This article first appeared in The Edge Financial Daily, on March 9, 2017. IHH Healthcare Bhd (March 8, RM6.00) Maintain hold with a target price (TP) of RM6.47: IHH Healthcare Bhd’s extensive overseas operations mean tha...

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

09 Mar 2017, 08:00 am

08 Mar 2017, 08:00 am

Fruits of UMW’s new launches yet to be reflectedThis article first appeared in The Edge Financial Daily, on March 8, 2017. UMW Holdings Bhd (March 7, RM5.95) Maintain “hold” rating with a target price (TP) of RM5.05: UMW Holdings Bhd’s market share fell from 14.4% in t...

By Affin Hwang Investment Bank Bhd / The Edge Financial Daily

08 Mar 2017, 08:00 am

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