Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 21 May 2013

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Publish date: Tue, 21 May 2013, 09:59 AM
kltrader
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This blog publishes research highlights from Affin Hwang Capital Research.

Pos Malaysia; Buy
Price Target: RM5.60 (Prev RM4.60); POSM MK
Steady progress

4Q13 achieved net profit of RM32.7m - in line. Earnings were lifted by mail segment’s higher revenue from new products and increase in direct mail. Net cash increased 32% q-o-q to RM1.21/share. Maintain BUY at higher RM5.60 TP.


TSH Resources; Hold
Price Target: RM1.90; TSH MK
Strong FFB growth

1Q13 result within expectations. Strong FFB volume growth to offset weaker CPO prices. Maintain HOLD rating and RM1.90 TP.

Source: HwangDBS Research - 21 May 2013

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