Morning News - 22 April 2015 - UMWOG / CIMB / ECONOMY - INVESTMENT

Today’s Highlights

►    Company Update – UMW-OG (SELL, maintain) - Feeling the heat

►    Flash Note – CIMB Group  (SELL, maintain) - CIMB Thai: A 70% yoy decline in 1Q15 net profit

►     Economy – Malaysia Investment - Cautious on investment trends into 11MP period

Outside Malaysia

►    US stock market slips amid companies earnings

►    Employers cut jobs in 31 US states as growth slows

►    Euro area debt levels surge to record, led by Greece

►    German investor sentiment falls on shaky economic outlook

►    Russia central bank curbs spur ruble’s worst stretch this year

►    China’s cabinet takes steps to support jobs after growth slows

►    Indonesia long-term growth target is very ambitious, Djalil says

►    Saudis call halt to Yemen operation saying it achieved goals