Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 3 Sep 2013

kltrader
Publish date: Tue, 03 Sep 2013, 09:59 AM
kltrader
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This blog publishes research highlights from Affin Hwang Capital Research.

Regional Asian Strategy
Sell on rumour, buy on news?

Rebound unlikely to be sustainable. Inflows in the past years are stumbling blocks to a near-term recovery. Worst needs to be seen as over in data release before recovery is sustainable.

Malaysian plantations
Win-win situation

Voluntary takeover offer for Pontian United Plantations Berhad by FGV turns unconditional following >50% acceptance. TSH to book RM85m in one-off gain from sale of 16.2% stake in Pontian. Maintain HOLD rating for FGV and TSH in view of unfavourable CPO price outlook.

Source: HwangDBS Research - 3 Sep 2013

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