Morning News - 24 August 2015 - ADDITIONAL NOTE: CHOO BEE / AMENDED NOTE: SARAWAK PLANT

Additional Note

►    Results Note  – Choo Bee (HOLD, downgrade) - Post GST slowdown

Amended Note

►    Sarawak Plant - Please find amended results note on SPLB, with Valuation Summary table in Page 1 amended.

Today’s Highlights

►    Company Update – Parkson (HOLD, maintain) - Still not out of the woods

►    Results Note  – Malakoff (BUY, upgrade) - Expect a stronger 2H15

►    Results Note  – APM (HOLD, maintain) - Margin squeeze hurts earnings

►    Results Note  – Scicom (MSC) (BUY, maintain) - Strong 2015 results

►    Results Note  – Sarawak Plant (Cease Coverage) - Ceasing coverage on poor stock liquidity

►    Results Note  – Petra Energy (BUY, maintain) - Strong sequential earnings jump

►    Economy – Foreign Reserves - Malaysia’s reserves fell to US$94.5bn as at mid-Aug

►    Economy – US Outlook – Weekly Wrap - Is this the first sign of slower US economic growth?

Quick Bites

►    Inari: Inari to manufacture its own fibre optical cables

►    Sime: Rights issue by Sime?

Outside Malaysia

►    The Dow correction and everything else that went wrong in stocks

►    Bullard says he’ll look through oil’s drop as labor market heals

►    German factory growth puts recovery back on track

►    UK posts first july budget surplus for three years

►    Chinese factory gauge drops to lowest level since March 2009

►    Brazil’s August mid-month inflation slowest in nine months

►    Oil explorers boost US drilling even as price slumps ►    Oil falls below US$$40 a barrel for first time since 2009