Tuesday, July 21, 2015

Morning News - 21 July 2015 - CIMB/MMHE

Today’s Highlights
►     Company Update - CIMB (HOLD, upgrade) - CIMB Thai: 1H15 net profit down 44% yoy
►     Company Update - MMHE (SELL, Maintain) - Good, but not enough



Outside Malaysia
►     S&P 500 little changed after briefly rising above record close
►     Fed’s Bullard sees more than 50-50 chance of September rate rise
►     Greece said to order creditor payments as banks reopen
►     Greece creditors said to plan bailout disbursement by Aug. 17
►     Shrinking China trade drags on banks from Hong Kong to Singapore
►     Iran seeks to regain its share of oil market regardless of price
►     Crude falls below US$50 for first time since April on glut concern

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