Tuesday, August 23, 2016

► Results Note – AFG (BUY, maintain) - A cautious start to FY17

Today’s Highlights
    Results Note – Nestle (HOLD, maintain) - Strong set of results
    Results Note  – AMMB Holdings (HOLD, maintain) - A weak start with room for improvement
    Results Note – AFG (BUY, maintain) - A cautious start to FY17
    Results Note – UMW-OG (SELL, maintain) - Lower loss in 2Q16 but still challenging
    Results Note – Star Media (SELL, maintain) - Challenges remains in print
    Results Note – JAKS Resources (BUY, maintain) - Contributions from Vietnam gain traction
    Results Note – IOI Properties (BUY, maintain) - Higher revenue on all segments



Quick Bites            
    Sunway Construction: Bags RM268m ISKL contract



Outside Malaysia            
    US stocks fluctuate as drugmakers rally offsets slide in oil
    Merkel says Brexit Is UK’s loss while pledging results for EU
    Merkel tells Renzi he can’t bend Euro rules to boost growth
    Wheeler says RBNZ sees no need for rapid interest-rate cuts
    Jokowi amnesty favors tax cheats and punishes payers, OECD says
    Thai central bank says further baht gains may hurt recovery
    Oil ends longest gain in 4 years on Nigeria, Iraq supply boost

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