Affin Hwang raises target price for IOI, mantains sell rating

17 May 2018 - The Star Online
KUALA LUMPUR: Affin Hwang has raised its target price for IOI Corp Bhd to RM4.06 from RM3.92 but maintained its 2018-20E core earnings per share forecasts. Following the announcement of IOI's results, the research house said the plantation company's 9MFY18 core net profit came in within its and consensus ...
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Affin Hwang maintains Buy on HSS Engineers

16 May 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research said HSS Engineers Bhd's 1Q18 results were disappointing although it expects better earnings from 1Q18 when it consolidates SMHB Engineering. The research house maintained its buy call on HSS Engineers Bhd with a lower target price of RM1.44 based on a target ...
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Affin Hwang Research upgrades consumer, autos, cautious on construction

11 May 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research believes the newly formed government under Pakatan Harapan (PH) presents an opportunity as it is comprised of a group of senior ministers with strong credibility. It said on Friday that in the intial stage, there is the possibility of short-term capital outflows ...
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Affin Hwang maintains hold on SD Plantation

23 Apr 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research maintained its hold call on Sime Darby Plantation with an unchanged target price of RM5.35 based on an unchanged 25x CY18E core earnings per share following a visit to its estates under PT Aneka Intipersada in Pekanbaru in Indonesia. The research house said ...
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Affin Hwang reaffirms buy call on Alliance Bank

19 Apr 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research has maintained its buy call on Alliance Bank Malaysia Bhd with a target price at RM4.80 based on a 1.3x CY18E price-to-book multiple. The research house said the bank's strategy of boosting the higher risk-adjusted return (RAR) loans has worked well and is reflected ...
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Bumi Armada FPSO acceeptance to drive share price

4 Apr 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital reiterated Bumi Armada Bhd as oe of its top sector picks with an unchanged sum-of-the-parts-based target price of RM1. The research firm said it is condident Bumi Armada would see a strong uplift in earnings growth in 2018, mainly underpinned by FPSO Olombendo and Kraken. ...
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Affin Hwang initiates coverage on Cycle & Carriage with hold rating

3 Apr 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research has initiated coverage on Cycle & Carriage Bhd with a hold rating and target price of RM1.95 based on 0.7x CY18E book value. The research firm said CCB faces a challenging business outlook with competition among Mercedes dealers heating up in 2017 and the company ...
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Affin Hwang maintains buy on Gamuda

26 Mar 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research maintained its buy call on Gamuda Bhd as the construction counter's 1HFY18 result came within its and market expectations. "Net profit of RM414m (+26% yoy) in 1HFY18 comprised 51-52% of full-year consensus and our previous forecasts of RM803-813m. "Revenue ...
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Affin Hwang wins two Morningstar Malaysia fund awards

20 Mar 2018 - The Star Online
KUALA LUMPUR: Affin Hwang's two funds emerged as winners of Morningstar Asia Ltd's 2018 Malaysia Fund Awards on Tuesday. Affin Hwang Select Asia (ex-Japan) Opportunity won the Best Asia-Pacific Equity Fund award and Affin Hwang Select Opportunity was adjudged the Best Malaysia Large-Cap Equity Fund. ...
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Affin Hwang maintains neutral on plantation on increased CPO exports

13 Mar 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research maintained its neutral rating on the plantation sector and its crude palm oil (CPO) average selling price of RM2,600/MT for 2018E as exports contributed to a lower February palm oil inventory. According to the research firm, CPO production was up 6.7% year-on-year ...
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