Morning News - 16 January 2015 - PPEDANA / PREIT / ECONOMY - ASEAN OUTLOOK / FIXED INCOME

Today’s Highlights

►    Company Update – Perdana Petroleum  (HOLD, downgrade) - Defensive earnings, but limited upside

►    Results Note – Pavilion REIT  (HOLD, downgrade) - A less exciting year in 2015

►    Economy – ASEAN Outlook – Weekly Wrap (9 – 15 January 2015) - Bank Indonesia kept policy rate unchanged at 7.75%

►    Fixed Income Research – Sector Focus - Excessive MGS Risk Premium Prices In Weak Crude Oil

Outside Malaysia

►    US stocks decline as banks, Best Buy slump on earnings

►    Lagarde says cheap oil, strong US no cure for weak growth

►    Jobless claims in US unexpectedly climb to four-month high

►    German economy grows fastest since 2011 with budget in surplus

►    Swiss franc roils markets as SNB abandons cap

►    Rajan relents with rate cut after India inflation slide

►    Indonesia holds rate with inflation fastest in five years

►    Crude oil erases advance on OPEC's reduced demand forecast