Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 7 Oct 2013

kltrader
Publish date: Mon, 07 Oct 2013, 11:04 AM
kltrader
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This blog publishes research highlights from Affin Hwang Capital Research.

Bursa Malaysia; Buy (Upgrade from Fully Valued); RM7.55
Price Target: RM10.10 (Prev 6.20); BURSA MK
Unleashing its potential

Upgrade to BUY with new DDM-based RM10.10 TP. Stock is a high conviction pick. Structural changes in fees and cost could lift FY15F earnings by 20%, TP to RM13.30 and yields to 5.5%. GST could be opportunity to spur retail participation that could lead to higher velocity and valuations. 

Source: HwangDBS Research - 7 Oct 2013

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