Wednesday, May 6, 2015

Morning News - 6 May 2015 - GENP / KLCCP / MAHB / HARTA

Today’s Highlights
    Company Update – Genting Plant  (HOLD, maintain) - Downside risks
    Results Note – KLCC Property  (BUY, maintain) - A weak 1Q15, some temporary hiccups
    Results Note – Malaysia Airport (SELL, maintain) - Dragged down by Istanbul operation
    Results Note – Hartalega  (HOLD, maintain) - FY15 earnings dragged down by NGC costs



Quick Bite
    Sime Darby: Motor business IPO deferred indefinitely?



Outside Malaysia
    US stocks join global retreat in equities amid data, Greece
    Trade gap in US swells to six-year high as imports surge
    Pickup in service industries points to US growth rebound
    EU raises growth outlook as ECB counters Greek threat
    Schaeuble pessimistic on Greek aid accord by IMF deadline
    Australia cuts rates to record 2%
    Indonesian economy slows sharply in 1Q15
    US oil jumps above US$60 for first time this year as glut eases

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