Jaya Holdings / ASL Marine

Jaya Holdings / ASL Marine: Jaya & ASL Marine will release earnings this week. DBSV recently highlighted both as turnaround plays with good growth potential. House maintain positive view. For ASL Marine, forecasts a strong 52% y-o-y EPS growth for FY13, which is a breakaway from the flat EPS growth in FY12 and the 14% EPS decline in FY11. For Jaya, investors will be looking forward to a continuation of the strong earnings recovery trend.