Affin Hwang downgrades O&G sector to neutral

18 Jun 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research is downgrading the oil and gas sector to neutral from overweight given the uncertainty over global demand and run-up in stock prices in 1H19. The research house's top picks include Petronas Chemicals, Serba Dinamik, Velesto Energy and Kelington. In a note, ...
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Affin Hwang sees growth prospects for ELK-Desa

17 Jun 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research sees room for growth for ELK-Desa Resources Bhd even in the Klang Valley alone, due to it being a relatively small player. "We remain upbeat on ELK-Desa’s prospects (post meeting with management) as its focus in the mass market used-car financing business is ...
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Affin Hwang maintains Underweight rating on media after dismal start to 2019

14 Jun 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research has maintained its underweight rating on the media sector amid a lack of positive catalysts to turn around its fortunes. In a note, the research house said earnings from three media companies under its coverage were weaker than expected for the first quarter ...
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Affin Hwang maintains Neutral on plantations, Ta Ann remains top pick

13 Jun 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research maintained its neutral rating on the plantation sector following the release of data that showed palm-oil inventory falling to a nine-month low in May 2019. The research house has "buy" ratings on Ta Ann, IJM Plantations, Hap Seng Plantations and WTK, "hold" ...
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Affin Hwang remains positive on rubber gloves for 2H2019

12 Jun 2019 - The Star Online
KUALA LUMPUR: Recent earnings results show that companies in the rubber glove sector are not at significant risk of lower margins from rising production costs, says Affin Hwang Capital research. The research house maintained its overweight call on the sector with Kossan and Supermax as its top picks. ...
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Signs of moderation ahead in bank sector

10 Jun 2019 - The Star Online
KUALA LUMPUR: The bank sector may be showing signs of moderation following its performance in the first quarter of 2019, says Affin Hwang Capital research. "In our view, weak operating income growth as at 1Q19 (-2.1% yoy; -1.5% qoq) are telling signs of moderating times ahead," it said in a note. The ...
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Affin Hwang maintains Hold on SLP Resources, TP at RM1.30

7 Jun 2019 - The Star Online
KUALA LUMPUR: Affin Hwang research expects SLP Resources Bhd to report decent earnings growth of 6.5% year-on-year on higher production capacity, low resin costs and a weak ringgit. The research house maintained its hold call on the counter with an unchanged target price of RM1.30. "Notwithstanding the ...
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Affin Hwang Research retains hold for Maybank

31 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research is maintaining its hold call for Malayan Banking Bhd (Maybank) after a relatively unexciting first quarter but the results were within its expectations. It said on Friday its target price was revised to RM8.75 from RM9, now based on a 1.24 times 2020E price-to-book ...
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Affin Hwang Research upgrades AirAsia to buy, TP RM3.35

30 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research has upgraded AirAsia Group to Buy with a target price of RM3.35 from RM2.86 for the generous dividend, solid operating performance and the bright prospects of its digital business. It said on Thursday AirAsia reported a lower 1Q19 core pretax profit of RM112m ...
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Affin Hwang Research maintains buy on RHB Bank

28 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research is retaining its buy call on RHB Bank with a target price of RM6.30 after it reported a robust 1Q19 first quarter results and expects earnings will remain resilient, supported by sound asset quality. The research house said RHB Bank’s net profit of RM630.2m ...
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