Wednesday, August 5, 2015

Morning News - 5 August 2015 - PETGAS / MISC / HARTA

Today’s Highlights
►    Results Note – Petronas Gas (HOLD, maintain) - A lacklustre quarter
►    Results Note – MISC (HOLD, maintain) - Petroleum segment boosts earnings
►    Results Note  – Hartalega (HOLD, maintain) - As well as expected



Quick Bites
►    FGV: Eagle High due diligence exercise on track
►    Alam Maritim: Alam secures a RM41m vessel chartering contract
►    Malaysian infrastructure: Revival of Gemas-Johor Bahru Double Tracking project?



Outside Malaysia
►    US stocks slide amid dissapointing companies’ results
►    US factory orders advance 1.8% in June
►    Greece sees bailout deal in time to meet US$3.5bn due to ECB
►    Russia inflation faster in July as ruble challenges central bank
►    Rajan holds India rate, rebuffing pressure from government
►    Earnings slump for japanese workers in June on timing of bonuses
►    RBA holds rates, omits reference to need for currency drop
►    Crude rebounds after drop below US$50 for first time since January

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