Globetronics to see higher sensor volumes on new product, says Affin Hwang

2 May 2019 - The Star Online
KUALA LUMPUR: Globetronics Technology Bhd 's sensor volumes will improve in the coming months as production gears up for this year's model launch, says Affin Hwang Capital research. "Higher installed capacity for both the light and gesture sensors will be the key driver of Globe’s 2019E 23% EPS growth," ...
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Affin Bank to cater to gig economy

30 Apr 2019 - The Star Online
KUALA LUMPUR: Affin Bank Bhd will soon be introducing new products to cater to the segment of workers in the gig economy, which is an emerging employment trend around the world and also in Malaysia. Affin Bank’s group CEO Kamarul Ariffin Mohd Jamil said the bank would not want to miss out on the growth ...
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Affin: We follow guidelines when lending out

29 Apr 2019 - The Star Online
KUALA LUMPUR: Amid talk that the banks in Malaysia have become overly conservative in their lending in spite registering strong growth in profits, Affin Bank Bhd said it follows the rules when lending out to the population. Its group CEO Kamarul Ariffin Mohd Jamil told reporters after the bank’s AGM ...
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Affin Hwang maintains sell on Maxis, raises TP to RM5.05

29 Apr 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research maintained its sell call on Maxis Bhd with a higher target price of RM5.05 from RM5 previously. The research house said Maxis' 1Q19 earnings results were broadly within its and consensus expectations, accounting for 24% of full-year earnings forecasts. "Operationally, ...
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Affin Hwang maintains Sell on Cycle & Carriage Bintang, drops TP to RM1.18

24 Apr 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research has affirmed its sell rating on Cycle & Carriage Bintang Bhd with a lower target price of RM1.18 from RM1.48 previously, following a core net loss of RM6.4mil in 1Q19. "Overall, the result was below expectations," said the research house. In its earnings announcement ...
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GenM could see upsides from developments in US

17 Apr 2019 - The Star Online
KUALA LUMPUR: Genting Malaysia Bhd could stand to benefit from several developments taking place in the US, says Affin Hwang Capital research. In a note, the research house said the US House Committee on Natural Resources is chairing a legislative hearing on a bill that could reverse an earlier court ...
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Affin Hwang maintains buy on Kelington, TP at RM1.60

17 Apr 2019 - The Star Online
KUALA LUMPUR: Kelington Group Bhd year to date new order wins of RM146mil falls within Affin Hwang Capital research's expectations for the current financial year. The group announced yesterday that it had secured new Chinese ultra high purity (UHP) contracts worth a combined RM53mil, largely for specialised ...
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Affin Hwang downgrades Maybank to Hold, TP cut to RM9

16 Apr 2019 - The Star Online
KUALA LUMPUR: Reports of Hyflux Ltd's plan to restart talks with creditor to avoid liquidation could be a positive development for Malayan Banking Bhd although the deadline for the former's debt moratorium in fast approaching. According to Affin Hwang Capital research, Hyflux is exploring various possible ...
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Affin Hwang downgrades MCIL to Hold, TP at 23 sen

12 Apr 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research has lowered its FY19-21E earnings projections for Media Chinese International Bhd by 5-35% due to the challenging operating environment in both publishing and travel divisions. The research house downgraded the counter to a hold with a lower target price of ...
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Takaful Malaysia Keluarga likely to pay special dividend

22 Mar 2019 - The Star Online
PETALING JAYA: There is potential for Syarikat Takaful Malaysia Keluarga Bhd (STMK) to pay out special dividends following its low capital expenditure (capex) requirements, said Affin Hwang Capital Research. “Our investment thesis on STMK is based on its potential to deliver a return on equity (ROE) ...
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