Wednesday, June 24, 2015

Morning News - 24 June 2015 - GAMUDA

Today’s Highlights
►    Results Note – Gamuda (BUY, maintain) - Earnings decline likely for FY15E



Quick Bites
►    Tenaga: Plans to issue RM10bn Islamic bond
►    Alam Maritim: Alam secures RM22m Chevron contract



Outside Malaysia
►    US stocks gain as investors assess rate timing, Greece talks
►    Momentum in US housing spurs economy as factories struggle
►    Orders for US capital goods rise as investment stabilizes
►    Euro economy picks up as business index reaches four-year high
►    Greece inches closer to a deal
►    Chinese factory gauge suggests stabilization after easing
►     Singapore headline inflation edges up to -0.4% yoy in May
►     Crude oil futures rise as supplies seen falling for eighth week

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