=MARKET BUZZ: Allianz Malaysia Surges On Strong 4Q, Affin Hwang Tips Buy
KUALA LUMPUR (Feb 22) -- Allianz Malaysia up 5.4% at MYR14.76, highest since August 2017. Affin Hwang Investment Bank says in a note that it expects Allianz to see gradual improvement in 2019-21 earnings in absence of any huge receivables impairment, increased sale of higher-margin investment-linked products and a repricing exercise of the life/medical policies. But high inflation costs, theft and fraud cases and competition from peers could post risk to earnings, house adds. Maintains Buy call and price target of MYR17.60.
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