Wednesday, August 12, 2015

Morning News - 12 August 2015 - CONSUMER

Today’s Highlights
►    Sector Update – Consumer (NEUTRAL, maintain) - Smoky outlook



Quick Bites
►    MMC: Sells Senai land
►    Benalec: Bursa reprimands and fines 3 directors



Outside Malaysia
►    US stocks decline with global markets as China devalues yuan
►    China rattles markets with yuan devaluation
►    Productivity in US barely rebounds following earlier slump
►    More small businesses say worker wages are heading higher
►    Wholesalers in US developing inventory glut as sales cool
►    German investor confidence unexpectedly drops amid risks
►    Singapore trims growth forecast after GDP fell last quarter
►    Oil plummets after OPEC supply hits a three-year high


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