► Results Note – Axis REIT (HOLD, maintain) - Looking for more catalysts

Today’s Highlights

►    Results Note – Axis REIT (HOLD, maintain) - Looking for more catalysts

►    Economic Update – Malaysia CPI- Headline inflation stays flat at 1.8% yoy in December

Quick bites

►    WCT (BUY, maintain) – Proposed private placement of 10% of share capital; EPS dilution is 2-5% for FY17-18E

Outside Malaysia            

►    US stocks climb after Yellen speech as financial shares gain

►    Yellen says economy near goals warrants gradual rate hikes

►    Fed’s Williams sees gradual hikes to keep economy on track

►    Consumer prices in US rise for fifth month on shelter, gas

►    Factory production in US rose less than forecast in December

►    UK employment steady, wages pick up in resilient labor market

►    China home prices rose in fewest cities in 11 months amid curbs

►    Oil recovers from 1-week low as supplies said to drop