Thursday, August 27, 2015

Morning News - 27 August 2015 - IHH / SIME / GENT / HLBK / GENM / MMC / UMW / SUPERMX / PARKSON / MCIL

Today’s Highlights
    Results Note – IHH Healthcare (BUY, maintain) - Robust 2Q15 earnings
    Results Note  – Sime Darby (HOLD, maintain) - Stronger-than-expected 4QFY15
    Results Note – Genting (BUY, maintain) - Oil & gas the surprise performer
    Results Note – Hong Leong Bank (BUY, maintain) - 4Q15 bolsters FY15 results amidst challenges
    Results Note  – Genting M’sia (HOLD, maintain) - A relatively resilient quarter
    Results Note – MMC (BUY, maintain) - Expect a better 2H15
    Results Note  – UMW (HOLD, maintain) - Bracing for challenges
    Results Note – Supermax (HOLD, maintain) - A muted quarter…
    Results Note  – Parkson (HOLD, maintain) - An unexciting close to FY15
    Results Note – MCIL (SELL, maintain) - No major surprises
    Economy – Special Economic Committee (SEC) - Malaysia setting up SEC to address economic woes



Outside Malaysia
    Relief descends on US stock market with best rally since 2011
    Fed's Dudley says decision on September liftoff less compelling
    Orders for US capital goods rose in July by most in a year
    ECB would boost QE if needed on inflation risks, Praet says
    ECB getting aggressive on buying asset-backed debt
    Russian weekly inflation quickens first time since July on ruble
    Oil falls as US fuel supply, China turmoil add to glut concern

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