Morning News - 29 May 2015 - IHH / AIRASIA / MBB / GENT / GENM / KPJ / MCIL / MMC / SENDAI / ECONOMY - ASEAN OUTLOOK

Today’s Highlights

►    Results Note - IHH (BUY, maintain) - Healthy 1Q15

►    Results Note – Air Asia  (BUY, maintain) – Clearer skies ahead

►    Results Note - Maybank (HOLD, maintain) – Going steady amidst industry challenges

►    Results Note - Genting Berhad (HOLD, maintain)– Needs more luck

►    Results Note - Genting Malaysia (HOLD, maintain) – Domestic business still resilient so far

►    Results Note – KPJ (HOLD, maintain) – Resilient demand in 1Q15

►    Results Note - MCIL (SELL, maintain) – Print continues to deteriorate

►    Results Note – MMC (BUY, maintain) – A decent start

►    Results Note – Eversendai (BUY, maintain) – Three-fold rebound

►    Economy – ASEAN Outlook – Weekly Wrap (22 – 28 May 2015) - Philippines’ GDP growth slowed to 5.2%, exports fell

 Quick Bites

►    SIME: S&P lowered debt ratings for SIME

Outside Malaysia

►    US stocks decline before GDP growth data amid Greece concerns

►    Americans win job security with firings low for three months

►    Pending sales of existing homes in US increased 3.4% in April

►    Euro area confidence holds steady as Greece flirts with default  

►    ECB warns of contagion risk if Greece deal not reached fast

►    Consumers, investment lead UK to ninth quarter of growth

►    Philippine growth at 3-year low on failure to speed up spending

►    Oil rises after US crude inventories decline a fourth week