Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 6 Dec 2013

kltrader
Publish date: Fri, 06 Dec 2013, 01:16 PM
kltrader
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This blog publishes research highlights from Affin Hwang Capital Research.

Astro Malaysia; Buy; RM2.85
Price Target: RM3.30; ASTRO MK
Exciting opportunities ahead

9MFYJan14 earnings within our and consensus estimates. Lifted by higher revenue on the back of much improved PayTV subscriptions and take-up of value-added services, but marred by more STB depreciation charges. Look forward to stronger earnings in FY15. Maintain BUY with RM3.30 TP.

Maxis; Fully Valued; RM7.00
Price Target: RM5.60; MAXIS MK
Needs time to transform

Addressing weaknesses in prepaid segment. Muted near-term growth, longer-term earnings could surprise on the upside. Maintain FULLY VALUED rating, RM5.60 TP.

Source: HwangDBS Research - 6 Dec 2013

 

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