Monday, February 6, 2017

► Company Update – Malaysia Airports (SELL, maintain) - Extension to concessionaires

Today’s Highlights
    Company Update – Malaysia Airports (SELL, maintain) - Extension to concessionaires
    Results Note – Bursa (SELL, maintain) - Outlook remains unexciting

Quick Bite
    Malaysia Airports Holdings Bhd (MAHB) announced that the government has extended its airport concession for Malaysia operation until 2069 from the initial 2034 (Bursa Malaysia).

Outside Malaysia            
    US stocks climb on payrolls surge as Trump targets dodd-frank
    Payrolls in US increase 227,000 while wage growth weakens
    Fed’s Williams sees some arguments to raise rates in March
    Growth in US services industries was steady in January
    Euro area economic outlook improves as orders fuel hiring
    UK services growth cools as costs dominate firms’ concerns
    China tightens monetary policy by raising money market rates
    Oil advances for third week as US imposes new Iran sanctions

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