Thursday, April 23, 2015

Morning News - 23 April 2015 - AUTO / CIMB / NESTLE / BURSA / ECONOMY - CPI


Today’s Highlights
►    Sector Update – Auto & autoparts (NEUTRAL, maintain) - 1Q15 vehicle sales volume up 5.3% yoy
►    Company Update – CIMB Group  (SELL, maintain) - CIMB Niaga: Weak quarter not a surprise
►    Company Update – Nestle  (HOLD, maintain) - Domestic demand remains healthy
►    Results Note – Bursa  (HOLD, maintain) - The bulls are not charging
►    Economy - CPI - Headline inflation rose to 0.9% yoy in March



Quick bites
►    MRCB QB: Proposed disposal of 51% stake in Nu Sentral



Outside Malaysia
►    US stocks climb toward records amid rally in Coke, McDonald’s
►    Housing market nears US busy sales season on positive note
►    US home prices rose more than estimated in February
►    Germany raises 2015 growth forecast on consumer spending
►    Japan’s trade balance swings to first surplus since 2012
►    South Korea growth picks up from slowest pace since 2009
►    Australia core inflation matching forecast leaves rate-cut scope
►    WTI crude erases gains to trade near 1-week low

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