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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