Thursday, August 13, 2015

Morning News - 13 August 2015 (Attachment: Hong Leong Bank)

     Company Update – Hong Leong Bank (BUY, maintain) - Raising RM3bn capital via rights issue




Today’s Highlights
    Company Update – Hong Leong Bank (BUY, maintain) - Hong Leong Bank to raise RM3bn (separate note will follow)
    Results Note – Nestle (HOLD, maintain) - Favorable boost from lower raw-material costs
    Economy  – Malaysian Ringgit - Will PBOC devalue the Chinese Yuan further?



Quick Bites
    UMW: UMW and Rolls Royce team up to produce aero fan cases



Outside Malaysia
    S&P 500 index erases 1.5% drop sparked by China concerns
    Job openings in US decrease from record as hiring picks up
    Europe industrial-output slump puts damper on short-term outlook
    PBOC expects more yuan fluctuations as market adapts to fixing
    China’s weaker output, investment adds to currency pressures
    India inflation eases, adding pressure on Rajan to cut rates
    Vietnam widens dong’s trading band after China devalues yuan
    Oil rebounds from six-year low on weakening US dollar

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts with Thumbnails