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