Wednesday, November 19, 2014

Morning News - 19 November 2014 - CIMB / LMC / DIALOG / HARTA / MRCB / SUNWAY / MBM / BENALEC


Today’s Highlights
     Results Note – CIMB Group (REDUCE, maintain) - Hit by headwinds from Indonesia
    Results Note – Lafarge Malaysia (REDUCE, maintain) - Higher operating costs dampen margins
    Results Note – Dialog Group (REDUCE, maintain) - Not as rosy as anticipated
    Results Note – Hartalega (ADD, maintain) - Higher start-up costs drags 1H15 profits
    Results Note – MRCB (BUY, maintain) - Keeping forecast in spite of weak 3Q14
    Results Note – Sunway (BUY, upgrade) - 9M14 Property sales up 14%
    Results Notes – MBM Resources (BUY, upgrade) - Recovery to be seen next year
    Results Note – Benalec Hldgs (TR BUY, maintain) - Profits from land sales coming through



Quick Bites
     TM: TM signs agreement for DTT services worth RM1.057bn



Outside Malaysia
    S&P 500 rises on economic optimism as health-care gains
    US has record inflow of portfolio investments in September
    Homebuilder confidence rebounds as US buyers more enthusiastic
    Producer prices in US unexpectedly climb on services costs
    German investor confidence rebounds as recession averted
    Abe calls early election, delays sales-tax increase
    Bank Indonesia raises key interest rate as fuel prices increase
    Oil drops as investors weigh likelihood of OPEC cutback

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