Monday, June 1, 2015

Morning News - 1 June 2015 - TM / RHBC / THR / BANKING


Today’s Highlights
    Results Note - TM (HOLD, maintain) - A muted start
    Results Note – RHB Capital (HOLD, maintain) - 1Q15 results below KPIs
    Results Note – Tong Herr (BUY, maintain) - Exports spur topline growth
    Sector Update – Banking (NEUTRAL, maintain) - Apr15 loan growth indicators normalized 

Quick Bites
     SKPetro: SapuraKencana to bag RM1bn ONGC job

Outside Malaysia
►    US stocks trim monthly gain as data raise concern on economy
►    Economy in US shrinks for third time since expansion began
►    Consumer sentiment in US decreased in May to six-month low
►    ECB’s Constancio says euro area recovery needs higher investment
►    Deflation threat abates as Spanish, Italian prices improve
►    Greece vows to hold out another week as EU aims to seal deal
►    India misses chance to outpace China as growth lags estimate
►    Saudi Arabia pumps crude at record pace boosting OPEC output

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