AIBB has entered into an agreement with Phillip Futures for the proposed disposal of its stockbroking business; this came as a surprise to us. We are neutral on the deal given the minimal one-off disposal gain, and insignificant earnings contributi....

FTSE Russell revealed that Westports will be included in the KLCI, replacing Hap Seng Consolidated (HSC), following the latest review. The inclusion of Westports instead of Inari was a surprise to us. We understand the shares outstanding used in ca....

The KLCI fell 3.1% mom in Nov to close at 1,514 pts due to negative reaction from the market to the additional taxes (Cukai Makmur, removal of tax exemption on foreign source income) announced in Budget 2022. The monthly average trading value for t....

AwanTec has secured a 27-month contract from Pernec to provide Google Workspace Solutions and related services for RM75.9m. We change FY22-23F LPS to EPS and raise FY24F EPS by 4.8x. Upgrade to Hold with a higher RM0.74 TP, based on 3x P/BV (3-yea....

3Q21 earnings revision ratio rose to 0.93x, as positive surprises from higher commodities prices more than offset negative surprises from lockdowns. Corporate earnings are likely to improve sequentially in 4Q21F as economic activities pick up after.....