Tuesday, July 21, 2015

Morning News - 21 July 2015 - CIMB/MMHE

Today’s Highlights
     Company Update - CIMB (HOLD, upgrade) - CIMB Thai: 1H15 net profit down 44% yoy
     Company Update - MMHE (SELL, Maintain) - Good, but not enough



Outside Malaysia
     S&P 500 little changed after briefly rising above record close
     Fed’s Bullard sees more than 50-50 chance of September rate rise
     Greece said to order creditor payments as banks reopen
     Greece creditors said to plan bailout disbursement by Aug. 17
     Shrinking China trade drags on banks from Hong Kong to Singapore
     Iran seeks to regain its share of oil market regardless of price
     Crude falls below US$50 for first time since April on glut concern

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