Monday, May 30, 2016

Morning News - 30 May 2016 - MAY / PENB / SUCB / SWB / KAREX / IOIPG / EAST / BHB / AQRS / AMM

Today’s Highlights

    Results Note – Maybank (HOLD, maintain) - A weak start in 1Q16, below expectations
    Results Note – Petra Energy (BUY, maintain) - Expect profits to pick-up in subsequent quarter
    Results Note – Supermax (BUY, maintain) - Quarterly blip
    Results Note – Sunway (BUY, maintain) - Unbilled sales remain high at RM1.5bn
    Results Note – Karex (HOLD, maintain) - Forex hit
    Results Note – IOI Properties (BUY, maintain) - Strong contribution from property development
    Results Note – Eastern & Oriental (BUY, maintain) - Disappointing results
    Results Note – Benalec Holdings (HOLD, maintain) - Title woes
    Results Note – Gabungan AQRS (BUY, maintain) - Weak quarter
    Results Note – AMBANK (HOLD, maintain) - 4QFY16 didn’t get better….


Outside Malaysia            

    US stocks climb, capping S&P 500’s strongest week since March
    Yellen says Fed hike probably appropriate in ‘coming months’
    US economy grew more last quarter than previously estimated
    Consumer sentiment in US increases less than forecast in May
    Brexit threatens growth, trade and jobs, global leaders warn
    Japan’s Abe plans up to $90.7 billion stimulus, Nikkei says
    Taiwan's first-quarter GDP contracts less than expected year-on-year
    Oil near US$50 amid drop in US rigs, disruptions in Nigeria


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