Morning News - 8 May 2014 - MAXIS / MMHE / ECONOMY -TRADE / DMR

Today’s Highlights

* Results Note – Maxis (ADD, maintain)  - Lower FY15 DPS as debt ratio hits its limit
* Results Note – MMHE (ADD, maintain)  - Weak results but bright prospects remain intact
* Economy – Trade  - Steady export growth of 8.4% yoy in March
* Debt Market Research  - Bullish flattening with high volume, 10y MGS below 4.00%

* Outside Malaysia

- US stocks fluctuate as tech stocks tumble amid Yellen comments
- Yellen says ‘high degree’ of accommodation still needed
- Productivity of US workers decreased in the 1Q14
- Consumer credit in US climbs by most in more than a year
- German factory orders unexpectedly drop amid risks
- Chinese budget strains showing as S&P warns on local debt
- Wheeler warns kiwi strength may raise odds for New Zealand intervention
- Oil trades near one-week high as Cushing stockpiles decline