Automotive
Research Title 
MBM : 09 December 2014 Diamond in Rough 
MBM : 19 November 2014  A Transitory Rough Patch 
MBM : 03 September 2014 Angled for Strong Growth 
MBM : 20 August 2014 Lagged Expectation Despite the Sequential Improvement 
MBM : 19 August 2014 Expect Better Sequential Earnings 
Tan Chong : 09 December 2014 Bracing for Uncertainty 
Tan Chong
 : 27 November 2014 Another Dismal Performance 
Tan Chong
 : 18 September 2014  Morphing into an asset-light Business Outfit     
Tan Chong
 : 25 August 2014 Expect Recovery in 2H24 
Tan Chong
 : 15 August 2014 Light at the End of the Tunnel 
Tan Chong
 : 15 May 2014 Weak Start Amid Intense Competition 
UMW : 09 December 2014 Net Losers of Strengthening USD 
UMW : 27 November 2014 Dragged by Non-profitable Legacy Businesses   
UMW : 28 August 2014 Dragged by Non-profitable Legacy Businesses   
UMW : 27 February 2014  4Q13 Affected by Long Waiting Period of New Model
Aviation
Research Title 
AirAsia : 29 December 2014 Unfortunate Disappearance of AirAsia Indonesia QZ8501 
AirAsia : 10 December 2014 Taking Off on Cheaper Fuel 
AirAsia : 20 November 2014 Expect Brighter Prospects Ahead 
AirAsia : 03 October 2014 Potential Spin-off of Leasing Operation 
AirAsia : 21 August 2014 Calmer Sky Ahead 
AirAsia : 02 July 2014 Rebirth of AirAsia Japan  
AirAsia : 21 May 2014 A Decent Quarter Despite Pressure on Yield 
AirAsia : 07 May 2014 Expect Yield Pressure to Linger 
AirAsia : 27 February 2014 Uphill Challenge, but Company's Cost Discipline is High 
AirAsia X :20 November 2014 Extended Losses 
AirAsia X : 20 August 2014 Yield Compression Bottoming out  
AirAsia X : 17 July 2014 Neo Investment 
AirAsia X : 20 May 2014 Growth is Essential for Long Term Profitability 
AirAsia X : 26 February 2014 Competition is intense, but Company Should Prevail in the Long-run 
AirAsia X : 05 February 2014 TAAX Ready to Take off 
Malaysia Airport : 11 November 2014 Right Issurance to Fund Additional ISG Stakes 
Malaysia Airport
 : 04 November 2014  Ballooning Cost from KLIA2 Operation 
Malaysia Airport
 : 25 July 2014  KLIA2 Depreciation hits as International Passenger Traffic Stalls 
Malaysia Airport
 : 25 April 2014  Deferred PSC Hike Recognized in the Form of MARCS 
Malaysia Airport
 : 28 January 2014 Strong Passenger Traffic but Profit Dragged down by Higher OPEX 
Banks
Research Title 
Affin Holdings : 25 November 2014 CI Ratio likely to Remain Elevated in near Term  
Affin Holdings : 18 August 2014  Expect more Merger Integration costs ahead 
Affin Holdings
 : 20 May 2014  NOII likely to improve in the Quarters ahead  
Affin Holdings
 : 09 April 2014  Synergies Benefits from Merger seen relatively small  
Affin Holdings
 : 11 March 2014  Rights Issue to Cause a Substantial Dilution in EPS  
Affin Holdings
 : 03 March 2014 Negotiation talk starts for 24.0% Equity in PT Bank Panin Syariah  
Affin Holdings
 : 27 February 2014 Net Profit likely to trend lower in FY14  
Affin Holdings
 : 23 January 2014 Earnings Boost from Hwang DBS Assets only from FY15 onwards  
Alliance Financial
 : 27 November 2014 NIM likely to Contract in 2HFY15  
Alliance Financial : 30 September 2014  SME Bright Spot Amidst Slowing Overall Loan Momentum  
Alliance Financial
 : 12 August 2014  CI Ratio likely to Trend Lower in Coming Quarters of FY15  
Alliance Financial
 : 23 May 2014  Dividend Payouts likely to be Higher Moving Forward 
Alliance Financial
 : 14 February 2014  New CA Requirements of 1,2% to Cause a Drop in CET1 Ratio 
AMMB Holdings : 20 November 2014 Subdued Loan Growth Due to Conservative Risk Appetite  
AMMB Holdings
 : 25 August 2014 Loans Growth to Pick up Pace but at Below Industry Rate  
AMMB Holdings
 : 21 May 2014 Higher NIM Contraction in FY15  
AMMB Holdings
 : 19 February 2014 Cost Initiatives to Gradually Improve its CI ratio  
AMMB Holdings : 18 February 2014 Uptick in Impaired HP loans early Signs of Stress in Asset Quality  
CIMB : 19 November 2014 Expect Stronger Momentum for Singapore but Weaker Regional CB Performance in 4QFY14 
CIMB : 30 October 2014 Pressures on NIM and Asset Quality likely to Persist in near Term  
CIMB : 29 October 2014 Managing Cost will be a Key Synergistic Delivery Post-merger  
CIMB : 02 September 2014 Weaker NOII Impacted Earnings 
CIMB : 01 August 2014 A Subdued Net Profit Growth Expected for FY14  
CIMB : 25 July 2014 Loan Loss Provisions may trend higher in Subsequent Quarters  
CIMB : 24 July 2014 Minimal impact on earnings from Finansa Asset Management’s acquisition  
CIMB : 23 May 2014 Weak Capital Markets Outlook to Impact NOII Growth  
CIMB
 : 30 April 2014 Tough Operating Conditions in Indonesia to Continue until 1HFY14 
CIMB : 28 April 2014 Margin Pressure to Continue to Impact Niaga’s Interest Income  
CIMB : 26 February 2014 Challenging International Operations in CY14  
CIMB : 19 February 2014 Challenging Operating Conditions likely to Continue into FY14.  
CIMB : 22 January 2014 NIM pressure for Niaga expected to bottom out by 2QFY14  
CIMB : 15 January 2014 Dilutive impact of private placement not significant  
Hong Leong Bank : 26 November 2014 Benign asset quality and improving operating efficiency  
Hong Leong Bank
 : 27 August 2014 Pressure on NIM was well Defended 
Hong Leong Bank :
 
 21 August 2014 Expect Some pick up in NOII 
Hong Leong Bank
 : 22 May 2014 Contribution from International Operations Stay Strong 
Hong Leong Bank
 : 26 February 2014 Loan Growth to Gain Further Traction in 2H14  
Hong Leong Bank
 : 10 January 2014 Non Interest Income likely to Trend Higher  
Maybank : 27 November 2014 Loan growth picked up pace albeit softer NOII  
Maybank : 29 August 2014 Loan growth accelerated in 2QFY14  
Maybank : 30 May 2014 Loan growth likely to pick up momentum in 2QFY14  
Maybank :
 28 February 2014 Stronger performance in 2HFY13  
Public Bank
 : 24 October 2014 Expect pressures on COFs ahead  
Public Bank
 : 25 July 2014 ROE likely to continue to trend lower moving forward  
Public Bank
 : 30 April 2014 Group CET1 Ration to Rise 10.9% post Rights Issue 
Public Bank :
 22 April 2014 Mortgage growth moderated  
Public Bank
 : 06 February 2014 Margin pressure on interest income to continue  
RHB
 : 30 December 2014 New bancassurance agreement with Tokio Marine  
RHB
 : 21 November 2014 Good traction in IB and Islamic Banking income  
RHB
 : 28 August 2014 Stronger growth momentum in Islamic Banking income  
RHB
 : 01 July 2014 No significant impact on earnings from aborting Bank Mestika deal 
RHB
 : 27 May 2014 Strong pick up in loan growth  
RHB
 : 11 March 2014 Stronger regional prospects moving forward  
RHB
 : 25 February 2014 Moving into FY14 with a clean slate 
Cement
Research Title 
LaFarge :19 November 2014 Higher Operating Expenses & Strong Price Competition 
LaFarge
 : 02 September 2014 Clouded by higher cost and lack of major projects  
LaFarge
 : 23 May 2014 Lower numbers following completion of KLIA2 project  
LaFarge
 : 07 March 2014 A good income play  
LaFarge
 : 26 February 2014 A Reasonable Quarter
Constructions
Research Title 
Gamuda : 17 December 2014 Transition phase in FY16  
Gamuda
 : 02 December 2014 RM392.2m land acquisition  
Gamuda
 : 30 October 2014 Official PDP appointment for MRT Line 2  
Gamuda
 : 30 September 2014 Expect sturdy earnings growth ahead  
Gamuda
 : 05 August 2014 Acquiring Salak Land  
Gamuda
 : 27 June 2014 Expect positive news flow on KVMRT2 soon  
Gamuda
 : 20 June 2014 Acquiring additional 20% in Kesas  
Gamuda
 : 28 March 2014 Effective PDP role reflects in the numbers  
Gamuda
 : 12 March 2014 Losing SPLASH  
Gamuda
 : 11 February 2014 Do not preclude another attempt despite initial setback  
Hock Seng Lee : 01 December 2014 Earnings to improve ahead  
Hock Seng Lee : 28 August 2014 Value is emerging as FY15 beckons  
Hock Seng Lee
 : 30 May 2014 No surprise in job win  
Hock Seng Lee
 : 23 May 2014 Lower progress claims of construction works  
Hock Seng Lee
 : 30 April 2014 Secured first job in Bintulu  
Hock Seng Lee
 : 28 February 2014 Within expectation  
IJM Corporation
 : 15 December 2014 Official appointment as WCE main contractor  
IJM Corporation
 : 10 December 2014 Mixed development jobs in the bag  
IJM Corporation
 : 09 December 2014 Monetising Indian highway asset  
IJM Corporation
 : 26 November 2014 No major surprises in 1HFY15 earnings  
IJM Corporation
 : 21 November 2014 RM356m contract ahead of 2QFY15 results  
IJM Corporation
 : 27 August 2014 Decent profit for the quarter  
IJM Corporation
 : 10 June 2014 Privatisation of IJM Land Berhad  
IJM Corporation
 : 28 May 2014 Outstanding orderbook at historical high of RM5.2b  
IJM Corporation
 : 22 April 2014 Secured commercial development job  
IJM Corporation
 : 25 March 2014 Well-positioned for the Positives 
IJM Corporation
 : 10 January 2014 Funding for WCE 
MRCB
 : 19 November 2014 Stronger earnings ahead after kitchen sinking exercise in FY13  
MRCB
 : 14 October 2014 Awarded a 30-storey tower construction job  
MRCB
 : 25 August 2014 Stronger Quarters Ahead 
MRCB
 : 15 August 2014 SPV for Project MX-1  
MRCB
 : 25 July 2014 Acquiring remaining stake in Penang Sentral  
MRCB
 : 01 July 2014 Won Project MX-1  
MRCB
 : 23 June 2014 PJ Sentral no longer a dampener, clear road ahead  
MRCB
 : 20 May 2014 Poised for forward earnings recovery  
MRCB
 : 26 February 2014 Optimistic year ahead  
MRCB
 : 30 January 2014 Transformation in progress  
Muhibbah Engineering
 : 18 December 2014 Constructing into prosperity  
Protasco : 01 December 2014 Clear road ahead for execution of strategic plans  
Protasco
 : 26 November 2014 Decent profit for the quarter  
Protasco
 : 02 September 2014 Expect stronger earnings growth ahead  
Protasco
 : 06 August 2014 Oil & Gas acquisition in Indonesia called off  
Protasco
 : 25 July 2014 Price retracement offers buying opportunity  
Protasco
 : 03 June 2014 Awarded road works job in Sarawak 
Protasco
 : 28 May 2014 1QFY14 earnings in a slow-growth phase  
Protasco
 : 18 April 2014 Diversification into oil and gas to boost earnings growth  
Protasco
 : 18 March 2014 The road and dividend masters  
WCT
 : 25 November 2014 Another quarter of earnings setback  
WCT
 : 30 October 2014 Shopping centre job lifts orderbook to almost RM3b  
WCT
 : 21 October 2014 Acquiring another piece of land in Bandar 
WCT
 : 25 August 2014 Challenging times to persist  
WCT
 : 22 August 2014 Earnings dragged by lower billings  
WCT
 : 23 July 2014 RM342m job from Petronas  
WCT
 : 26 May 2014 Better quarters ahead  
WCT :
 23 May 2014 1QFY14 earnings eases  
WCT
 : 26 February 2014 FY13 outpaced our conservative expectation  
WCT :
 12 February 2014 KLIA2 Gateway to provide recurring income 
Consumer
Research Title 
AEON : 21 November 2014 Subpar retail business contribution
AEON : 29 August 2014 Negative adjusted profit growth due to high operating cost
AEON : 16 May 2016 Earnings dragged by higher operating costs in 1QFY14  
AEON
 : 28 February 2016 New stores contributed to higher FY13 earnings  
F&N Holdings : 07 November 2014 Dragged by margin of Dairies Thailand  
F&N Holdings
 : 07 August 2014 Dairies Thailand continue to struggle  
F&N Holdings
 : 08 May 2014 Delivers amid intense competition in soft drink  
F&N Holdings
 : 11 February 2014 A good start to FY14  
MSM Malaysia : 20 November 2014 Troubled by the rise of APs  
MSM Malaysia
 : 21 August 2014 A disappointing first half  
MSM Malaysia
 : 22 May 2014 Uninspiring performance on the back of weaker demand  
MSM Malaysia
 : 09 May 2014 Major boost in production capacity  
MSM Malaysia
 : 20 February 2014 Higher profit margin on lower raw sugar price  
Nestle : 28 October 2014 Lower marketing expenses lifted bottom line  
Nestle
 : 13 August 2014 Sacrificing margin for market share  
Nestle
 : 21 Avril 2014 Margin to stay intact despite marketing splurge  
Nestle :
 18 April 2014 In aggressive marketing mood  
Nestle
 : 25 February 2014 F&B sales drove double-digit earnings growth  
Padini : 27 November 2014 Less than impressive start to FY15  
Padini
 : 28 August 2014 New stores to drive future top line growth  
Padini
 : 09 July 2014 Expansion to continue in FY15 
Padini
 : 29 May 2014 Uneventful quarter, look forward to Hari Raya sales 
Padini
 : 06 May 2014 Growing dividends through Brands Outlets   
Padini
 : 27 February 2014 Christmas holidays fuelled earnings growth  
Parkson : 25 November 2014 Weak China’s operation  
Parkson
 : 27 August 2014 A year to forget for Parkson with its earnings almost halved 
Parkson
 : 13 February 2014 Parkson’s China woes expected to persist
Industrial
Research Title 
Daibochi : 23 October 2014 Expecting better 4QFY14 with e-savers in place 
Daibochi
 : 25 July 2014 An interesting year ahead, 2015  
Daibochi
 : 24 July 2014 Strong topline growth from MNC clients 
Daibochi
 : 15 May 2014 Hershey’s, new re-rating catalyst 
Daibochi
 : 14 May 2014 Lowest earnings margin for the past two years 
Daibochi
 : 24 February 2014 Approaching 2014 cautiously 
Daibochi
 : 21 February 2014  Double-digit growth supported by higher sales 
Panasonic
 : 01 December 2014 FY15 to be further supported by new premium product 
Panasonic
 : 22 August 2014 Earnings growth outpaced sales growth Panasonic 02 June 2014 Highest revenue ever
Media
Non-Bank Financials
Research Title 
Bursa Malaysia : 22 December 2014 Derivative transactions to thrive on market volatility 
Bursa Malaysia
 : 18 April 2014 Within expectations 
Bursa Malaysia
 : 30 January 2014 FY13 ended with a bang 
MBSB : 16 May 2014 Challenging times to persist   
MBSB : 29 January 2014 A good FY13, but challenging FY14 ahead 
Syarikat Takaful : 27 May 2014 Prudent cost and claim management to counter decelerating top-line growth 
Syarikat Takaful : 04 March 2014 Earnings remain intact 
Syarikat Takaful : 18 February 2014 Strong double-digit growth yet again
Oil & Gas
Research Title 
Bumi Armada : 05 December 2014 Rationalisation in valuation 
Bumi Armada
 : 21 November 2014 Fourth consecutive quarterly earnings improvement 
Bumi Armada
 : 21 August 2014 Expecting larger contributions from FPSO segment 
Bumi Armada
 : 20 August 2014 Madura FPSO gig clinched as anticipated 
Bumi Armada
 : 26 May 2014 Unfavourable impact from lower utilisation rates 
Bumi Armada
 : 01 April 2014 Second FPSO gig in 2014 – fleet rises to eight 
Bumi Armada
 : 20 February 2014 Strong outlook of the FPSO industry 
Bumi Armada
 : 24 January 2014 Angola PSV gigs 
Dayang Enterprise : 16 December 2014 Dawn of a new venture 
Dayang Enterprise
 : 27 November 2014 Earnings at all-time high 
Dayang Enterprise
 : 10 September 2014 The next stage of growth 
Dayang Enterprise
 : 25 August 2014 Larger contribution from associate company 
Dayang Enterprise
 : 26 May 2014 Seasonally weak quarter – stronger quarters ahead 
Dayang Enterprise
 : 27 February 2014 Pan Malaysia HUC gig to fuel future earnings growth 
Dialog Group : 19 November 2014 Lower international activity level    
Dialog Group
 : 22 August 2014 Higher local and international activity levels 
Dialog Group
 : 16 May 2014 Higher contributions from international segments 
Dialog Group
 : 14 February 2014 Pengerang EPCC drove earnings higher 
Favelle Favco : 26 November 2014 Orderbook hits record high 
Favelle Favco
 : 10 October 2014 Sales order target on track 
Favelle Favco
 : 04 September 2014 Over RM375m worth of new orders this year 
Favelle Favco
 : 26 August 2014 Best quarter achieved since listing 
Favelle Favco
 : 22 July 2014 Affordable exposure into O&G services industry 
Gas Malaysia
 : 13 November 2014 Sustained earnings growth seen 
Gas Malaysia
 : 30 October 2014 Subsidy rationalisation in motion 
Gas Malaysia
 : 21 August 2014 Best quarter in three years – but no impact on valuation 
Gas Malaysia
 : 16 May 2014 No earnings surprise – growth intact 
Gas Malaysia
 : 14 February 2014 “Virtual pipeline” to help maintain steady growth 
KNM Group : 27 November 2014 Fundamentals intact – opportunistic BUY on price weakness 
KNM Group
 : 28 August 2014  Continued improvements on all fronts 
KNM Group
 : 08 August 2014 RAPID progress for KNM 
KNM Group
 : 29 May 2014 Rationalisation efforts paying dividends – all segments in the black 
KNM Group
 : 28 May 2014  Earnings expected to surprise on the upside 
KNM Group
 : 03 March 2014 Bleeding under control, silver lining seen 
MMHE Holding : 06 November 2014 Thinner profit margins 
MMHE Holding
 : 04 November 2014 First contract wins for the year 
MMHE Holding
 : 06 August 2014 Full year earnings likely to disappoint 
MMHE Holding
 : 08 May 2014 Challenging times ahead as margin thins 
MMHE Holding
 : 12 February 2014 Tail-end projects weigh down earnings 
Petronas Chemical : 07 November 2014 Lower ASPs and volume a bane to earnings 
Petronas Chemical
 : 12 August 2014 FY14 earnings likely to disappoint 
Petronas Chemical
 : 09 May 2014 Year of heavy maintenance – earnings to pick-up in 2H14 
Petronas Chemical
 : 11 February 2014 Heavy plant maintenance dampens sales volume 
Petronas Gas : 05 November 2014 Lower profit margin from higher cost of sales 
Petronas Gas :
 11 August 2014 Regasification segment now a major group contributor 
Petronas Gas :
 07 May 2014  Earnings propped by regasification segment 
Petronas Gas :
 07 April 2014  In the spirit of performance, reliability and efficiency 
Petronas Gas :
 11 February 2014  New Income from regasification segment 
Sapura Kencana : 10 December 2014 Solid earnings reflected from solid orderbook 
Sapura Kencana
 : 08 December 2014 Valuation de-rating 
Sapura Kencana
 : 21 November 2014  Rebalancing upstream portfolio 
Sapura Kencana
 : 02 September 2014  Three new gigs and a gas find 
Sapura Kencana
 : 20 June 2014  Inaugural dividend from the merged entity 
Sapura Kencana
 : 17 June 2014  USD700m orderbook boost 
Sapura Kencana
 : 16 May 2014  Five jobs worth USD312m 
Sapura Kencana
 : 02 April 2014  Avalanche of jobs – momentum remains strong 
Wah Seong : 01 December 2014 Oil and gas segment going on strong 
Wah Seong
 : 26 August 2014  Revival of oil & gas segment 
Wah Seong
 : 15 August 2014  Buying OSV company to diversify 
Wah Seong
 : 28 May 2014  Earnings sustained from key business units 
Wah Seong
 : 26 February 2014  Best quarterly earnings in two years
Plantation
Research Title 
Felda Global Ventures : 28 November 2014 Earnings dragged by poor downstream performance 
Felda Global Ventures : 26 August 2014  Weak earnings despite strong sales 
Felda Global Ventures
 : 26 May 2014  Earnings growth to moderate with a drop in production 
Felda Global Ventures
 : 04 April 2014 Boost from high-yielding Sabah asset 
Genting Plantations : 21 November 2014 Young tree age profiles to support earnings growth 
Genting Plantations
 : 28 August 2014  FFB growth to moderate impact of lower CPO price 
Genting Plantations
 : 29 May 2014 Strong FFB growth from Indonesian operation 
Genting Plantations
 : 27 February 2014  Reaping benefit from Indonesian young trees 
IJM Plantations : 15 December 2014 Official appointment as WCE main contractor  
IJM Plantations : 10 December 2014  Mixed development jobs in the bag 
IJM Plantations : 09 December 2014  Monetising Indian highway asset 
IJM Plantations : 26 November 2014 No major surprises in 1HFY15 earnings 
IJM Plantations : 21 November 2014  RM356m contract ahead of 2QFY15 results 
IJM Plantations : 27 August 2014 Decent profit for the quarter 
IJM Plantations : 10 June 2014 Privatisation of IJM Land Berhad 
IJM Plantations : 28 May 2014 Outstanding orderbook at historical high of RM5.2b 
IJM Plantations : 22 April 2014  Secured commercial development job 
IJM Plantations : 25 March 2014 Well-positioned for the positives 
IJM Plantations : 10 January 2014 Funding for WCE  
IOI Corporations : 18 November 2014 Plantation up, RBM down 
IOI Corporations
 : 21 August 2014 Challenging market conditions ahead 
IOI Corporations
 : 23 May 2014 Earnings lifted by one-off gain  
IOI Corporations
 : 26 February 2014 FOREX loss continue to take its toll 
KL Kepong : 20 November 2014 Downward pressure of downstream segment 
KL Kepong
 : 21 August 2014  Higher CPO price squeezed manufacturing margin 
KL Kepong
 : 22 May 2014  Commendable growth, but valuation is rich 
KL Kepong
 : 20 February 2014  A fairly good start to FY2014 
Sime Darby : 01 December 2014 A slow start despite upbeat plantation earnings 
Sime Darby
 : 10 October 2014 Buying a jewel   
Sime Darby
 : 02 September 2014Tepid earnings growth prospect  
Sime Darby
 : 10 July 2014 Unlocking the gems 
Sime Darby
 : 07 July 2014 Deal sealed over land in Elmina West 
Sime Darby
 : 30 May 2014 Weaker earnings growth from all divisions 
Sime Darby
 : 08 April 2014 Disposal of PDP to have immaterial impact on earnings 
Sime Darby
 : 03 March 2014 Output affected by wet weather condition in 1HFY14 
Ta Ann :
 26 November 2014 Double-digit growth maintained 
Ta Ann
 : 02 September 2014 Robust earnings growth continues 
Ta Ann :
 28 March 2014 To benefit from Myanmar’s log export ban 
TSH Resources : 19 November 2014 Earnings grew on stronger FFB production 
TSH Resources
 : 27 August 2014  Anticipating weaker quarters ahead 
TSH Resources
 : 23 May 2014  Unrealized FX gain provided earnings boost 
TSH Resources
 : 26 February 2014  Profit soars on strong FFB growth
Property
Research Title 
Glomac : 20 March 2014 Strategic deferments dampen sales 
Glomac
 : 17 March 2014  Inexpensive land acquisition to yield thicker margin 
Mah Sing : 14 March 2014 Golf course acquisition suggests reversal of focus in FY16 
Mah Sing : 03 March 2014  The focus is on affordable housing in FY14 
SP Setia : 12 June 2014 Treading murky water with strong unbilled sales 
Sunway : 14 November 2014 Next stage of growth 
Sunway : 28 February 2014  Iskandar to be the next frontier 
UOA Development
 : 29 May 2014 No surprises in 1QFY14 
UOA Development
 : 27 February 2014  Sales growth to moderate moving into FY14   
UOA Development : 08 January 2014 Sale and leaseback of Bangsar South office building
Rubber Glove
Research Title 
Hartalega : 19 November 2014 1HFY15 impacted by rising costs and lower ASP 
Hartalega
 : 06 August 2014 Sentiment-driven opportunistic buy 
Hartalega
 : 07 May 2014  Highest ever volume but margin squeeze haunts 
Hartalega
 : 19 February 2014  Imputing H1N1 effect last quarter of FY14 
Hartalega
 : 12 February 2014  Lower ASP due to competitive pricing 
Kossan : 21 November 2014 Capacity enhancements to drive sales in FY15 
Kossan
 : 21 August 2014  Expecting higher sales with plant expansion 
Kossan
 : 26 May 2014  Positive expansion plans in 2014 
Kossan
 : 27 February 2014  Higher sales volume offset lower gloves selling prices 
Top Glove : 17 December 2014 Growth moderated by lower ASP 
Top Glove
 : 17 October 2014 Possible M&As in FY15 
Top Glove
 : 15 October 2014 China operations back in the black 
Top Glove
 : 18 June 2014 Capacity to increase with two more factories 
Top Glove
 : 21 March 2014 Earnings dragged by low average selling prices 
Top Glove
 : 08 January 2014 Cutting losses on China’s vinyl operations
Shipping
Research Title 
Maybulk : 27 November 2014 Expect recovery in POSH contribution 
Maybulk
 : 25 August 2014  Impacted by weak charter rate and lower POSH gain 
Maybulk : 29 May 2014  Boosted by associate’s gain on asset disposal 
Maybulk
 : 03 April 2014  Subscription to POSH IPO exercise 
Maybulk
 : 28 February 2014  Shifting into expansion mode 
MISC : 10 November 2014 Petroleum rate on the rise 
MISC
 : 07 August 2014  Petroleum segment returns to the red 
MISC
 : 12 May 2014  Petroleum tanker’s profit swung back into black 
MISC
 : 24 March 2014  Disposal of liner logistics business  
MISC
 : 14 February 2014  Buoyed by one-off disposal gain of Gumusut FPS 
MISC
 :
 07 November 2014 Benefited from higher terminal utilisation 
MISC
 :
 24 July 2014 Boosted by strong growth in intra-Asia routes 
MISC
 :
 19 June 2014 P3 alliance called off 
MISC
 :
 14 February 2014 Safe harbour in expansion mode 
MISC
 :
 23 January 2014 A question of port fee, as P3 risks may be overblown
Technology
Research Title 
Globetronics : 29 October 2014 Double digit earnings growth maintained 
Globetronics
 : 14 October 2014  Riding on the wearable wave 
Globetronics
 : 06 August 2014 Higher earnings from ramp-up in production 
Globetronics
 : 31 July 2014  Higher dividends in the offing 
Globetronics
 : 30 April 2014 Dividend commitment remains intact 
Globetronics
 : 09 April 2014 Positive earnings surprises from 2Q14 onwards 
Globetronics
 : 26 February 2014 New products to ensure earnings continue to grow 
Globetronics
 : 13 January 2014 Three new products lined up in 2H2014 
Unisem : 31 October 2014 In “high gear” mode 
Unisem
 : 25 July 2014 Positive momentum priced-in 
Unisem
 : 09 May 2014 Out of the weak phase 
Unisem
 : 27 February 2014  Kitching sinking exercise in 4Q13
Telecommunications
Research Title 
Axiata : 25 November 2014 Thinning margin from higher opex 
Axiata
 : 28 August 2014  Axis acquisition negatively impacted earnings  
Axiata
 : 28 May 2014  Earnings pressure from Celcom and XL 
Axiata
 : 03 July 2014  Disposing non-core asset in Thailand 
Axiata
 : 21 February 2014  Weighed down by the Indonesia operation 
Digi
 : 18 July 2014 Leader in data monetisation 
Digi
 : 28 April 2014 Earnings boosted by lower depreciation and amortisation expenses 
Digi
 : 07 February 2014 Increasing prominence of non-voice business 
Maxis : 14 November 2014 No near term re-rating catalyst 
Maxis
 : 23 July 2014  FY15 dividend likely to fall below 40 sen 
Maxis
 : 08 May 2014 Prepaid customer base continue to decline 
Maxis
 : 12 February 2014  Keeping dividend commitment of 40sen per share 
Telekom : 27 November 2014 Abating profit margin impacted bottomline 
Telekom
 : 28 August 2014  Higher effective tax rate a bane to earnings 
Telekom
 : 29 May 2014  Expiry of HSBB incentive hurting earnings 
Telekom
 : 28 March 2014 Power over P1 
Telekom
 : 28 February 2014  Higher ARPU across all product segments
Toll
Research Title 
Litrak : 29 August 2014 Traffic stronger than expected in the absence of toll rate hike 
Litrak
 : 02 June 2014 A steady cash flow generator 
Litrak
 : 03 March 2014 Steady dividend generator
Utilities
Research Title 
Tenaga : 06 November 2014 No further tariff hike - Cheers for the Rakyat, Neutral for TNB 
Tenaga
 : 03 November 2014 A fairly good year for TNB 
Tenaga
 : 21 October 2014 Expect a good end to FY14 
Tenaga
 : 24 September 2014 MoU signed for power project in Bangladesh 
Tenaga
 : 17 July 2014 Hiccup in FCPT may jeopardize forward earnings 
Tenaga
 : 25 April 2014 Tax credits : boon for a slower quarter 
Tenaga
 : 24 January 2014 Unplanned outages impacted earnings 
YTL Power : 21 November 2014 A decent start to FY15 
YTL Power
 : 28 March 2014 All eyes on the next solid earnings catalyst 
YTL Power :
 21 February 2014 Challenging times to persist for Power Seraya