CIMB Research adds Genting, MAHB, YTL Corp to top picks - Business News - News Summed Up

CIMB Research adds Genting, MAHB, YTL Corp to top picks - Business News


This revision ratio figure is the highest attained since 4Q16.“However, we were slightly disappointed by the high ratio of companies whose results came in below our expectations,” it said.CIMB Research said the 3Q17 market earnings growth slowed to 1% on-year (2Q17: 2% on-year) due to slower earnings growth from the travel and leisure as well as services sector.The corporate earnings growth of 1% in 3Q17 trailed behind Malaysia’s GDP growth of 6.2%. We believe this could be due to the recent underperformance of the Malaysian market against its regional peers.“We continue to like the construction, utilities and small-cap sectors. Dialog has an attractive low-risk business model, is well managed, but yet is expected to deliver robust earnings growth.As for Tenaga, it has an Add with TP RM15.70 versus RM15.46 close. Tenaga offers resilient organic earnings growth potential.“In Malaysia, it is building four new power plants, which should raise its generation earnings in 2017-2020F, in our view. In addition, stronger earnings driven by the new assets it acquired in the past year are another potential re-rating catalyst,” it said.


Source: The Star December 05, 2017 00:11 UTC



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