► Results Note – MMHE (BUY, upgrade) - Still challenging but valuation attractive

Today’s Highlights

►    Results Note – MMHE (BUY, upgrade) - Still challenging but valuation attractive

►    Economy – Manufacturing PMI - Malaysia’s PMI improves to 48.1 in July

                                                                                                                                                  

Quick Bites            

►    Axis REIT: Proposed acquisition and leaseback by Axis-REIT of a parcel of industrial land in Sg Choh

Outside Malaysia            

►    S&P 500 slips as energy selloff weighs on growth, profit outlook

►    Dudley says he won’t rule out more Fed tightening this year

►    US manufacturing growth cooled in July from one-year high

►    Steady euro area factory output masks worries in periphery

►    Brexit hit UK factories harder than initially estimated

►    China factory gauges splinter for July

►    Korea exports fall for 19th month as policy makers await rebound

►     Oil retreats to bear market as global supply glut seen growing