Yee Lee offer deemed 'not fair' but 'reasonable'

27 May 2019 - The Star Online
KUALA LUMPUR: Yee Lee Corp Bhd ’s proposed privatisation is deemed “not fair”, but “reasonable”, according to independent adviser Affin Hwang Investment Bank Bhd. The major shareholders of Yee Lee, which own a combined 58.41% stake, have launched a voluntary takeover to acquire the remaining shares ...
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Highly successful app venture

25 May 2019 - The Star Online
WHILE not widely reported, Affin Hwang Asset Management (AM) Bhd has been in the private equity game for the last two years. Last June, Affin Hwang AM, which is the leading Malaysian asset management house with more than RM47bil of assets under management, launched its private equity business, Bintang ...
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Affin Hwang downgrades KPJ, cuts TP to RM1

21 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research has downgraded its call on KPJ Healthcare Bhd to hold with a lower target price of RM1 from RM1.30 previously. "We cut our 2019-21E earnings for KPJ by 7-13%, mainly to account for the adoption of the new accounting standard, MFRS16; lower patient volume growth ...
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Affin Hwang AM launches Smart Invest Portfolio Growth fund

17 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Asset Management Bhd (Affin Hwang AM) launched its Smart Invest Portfolio – Growth fund, which is a retail mixed asset fund, on Friday. Affin Hwang AM said the fund is the first in a series of zero front-end load funds lined up by the company that waives the initial sales charge. ...
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SunCon remains Affin Hwang's top mid-cap construction pick

17 May 2019 - The Star Online
KUALA LUMPUR: Sunway Construction Bhd remains Affin Hwang Capital research's top mid-cap construction Buy pick with an increased target price of RM2.24 from RM2 previously. "SunCon is a potential beneficiary of projects to be revived such as the MRT3, Penang LRT and East Coast Rail Link. "We raise our ...
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Affin Hwang sees stronger earnings for Globetronics

14 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research has reaffirmed its buy call on Globetronics Technology Bhd with a higher target price of RM2.57 from RM2.55 previously. In a note, the research house said despite weak results in 1Q19, it believes there will be earnings improvement moving forward. It said while ...
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Affin Hwang maintains Hold on SP Setia, reduces TP to RM2.30

10 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research maintained its hold call on SP Setia Bhd and reduced its target price to RM2.30 from RM2.72 previously following weaker-than-expected 1Q19 earnings that missed both its and consensus estimates. SP Setia's 1Q19 net profit of RM53mil came in at 17% and 12% of ...
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Affin Hwang maintains Buy on Bumi Armada, raises TP to 31 sen

7 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research maintained its buy call on Bumi Armada Bhd with a slightly higher target price of 31 sen on the back of the announcement that it had secured the KG-DWN98/2 FPSO contract from India ONGC. According to the research house, the news was expected as Bumi Armada was ...
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CJ Century to see higher revenue, slower earnings growth, says Affin Hwang

6 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research forecasts Century Logistics Holdings Bhd 's 2019 earnings to grow at a slower rate of 5% year-on-year to RM8mil despite projected revenue growth. "We expect group performance to be hampered by a higher CS operating loss of RM12.2m (vs. RM6.7m in 2018) due to ...
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Affin Hwang maintains Buy on SunReit, lifts TP to RM2.06

3 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research maintained its buy call in Sunway REIT with a higher target price of RM2.06. Sunway REIT's 3QFY19 realised net profit grew 8.5% year-on-year (y-o-y) to RM75.8mil due to higher revenue from all asset classes. "Notably, Sunway Pyramid registered 4.8% growth in ...
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