Petronas Gas; Buy; RM21.00
Price Target: RM23.50 (Prev RM22.20); PTG MK
Resilient in a volatile market

Commissioning of Melaka regas plant is the key inflexion point. Removal of doubt surrounding Pengerang regas project after the general election. New regas plants and Sabah power plant are key growth drivers. Maintain BUY with higher TP of RM23.50.

AEON Credit Service; Hold; RM16.60
Price Target: RM16.10; ACSM MK
Robust loan growth

1QFY14 result was in line; loan growth remained robust at 12% q-o-q. Car easy payment and other fee income gaining traction albeit from a low base. Maintain HOLD and RM16.10 TP

Source: HwangDBS Research - 18 Jun 2013