Today’s Highlights
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Initiation – AEON
Credit (BUY, Initiation) - The right expertise and niche
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Results Note –
ASTRO (BUY, maintain) - Good set of results
Quick bites
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Telco: No GST for 36m
prepaid cellphone users
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Sime Darby: Fitch
revised long term default ratings outlook to negative
Outside Malaysia
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Dow Average advances
most in eight weeks
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Frigid February saps
spending as US consumers stay home
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Pending sales of US
homes rose more than forecast in February
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Economic confidence
shows euro area recovery defies Greek risks
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German inflation rate
turns positive as recovery picks
up
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Japan’s industrial
output drops, adding to signs of weakness
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Industrial output may
rise 3-4% this year, Thai’s government says
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Oil declines as
potential Iran nuclear deal seen boosting glut
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