Monday, May 5, 2014

Morning News - 5 May 2014 - CIMB / AMRB / ECONOMY - ASEAN & US OUTLOOK / DMR


Today’s Highlights

* Company Update – CIMB Group (ADD, maintain)  - Regional outlook stabilizing, looking to a stronger 2H14
* Flash Note – Alam Maritim (BUY, maintain)  - Alam secures RM248m contract
* Economy – ASEAN Outlook – Weekly Wrap (25 Apr – 2 May 2014)  - BI is likely to leave policy rate unchanged this week
* Economy – US Outlook – Weekly Wrap (28 Apr – 2 May 2014)  - US GDP to recover in 2Q14, consumption led growth
* Debt Market Research  - Sustained buying interest, better NFP, lower UST with CT10’s dipping below 2.60%

* Outside Malaysia

- US stocks retreat as Ukraine tensions overshadow jobs
- Fed’s Fisher says economy strengthening as payrolls rise
- Hiring in US kicks into higher gear as unemployment plunges to 6.3%
- Euro unemployment holds near record amid factory gains
- Bank of Italy says companies remain vulnerable in recovery
- China services industry index rises amid slowdown concern
- China slowdown weighs on indonesia’s export outlook, Basri says
- Oil rises first time in three days on Ukraine







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