Monday, October 19, 2015

Morning News - 19 October 2015 - PUBLIC BANK / TENAGA

Today’s Highlights
►    Company Update – Public Bank (BUY, maintain) - Share price weakness unjustified
►    Company Update  – Tenaga (HOLD, maintain) - Submits conditional offer for Edra’s assets



Outside Malaysia                                             
►    US stock investors hitting exits as October rebound continues
►    Job openings in US hovered in august near a record high
►    US consumer sentiment exceeds forecast as finances improve
►    Production at US manufacturers falls for a second month
►    Greece targets €3.5bn from asset sales in 2016
►    Lackluster global economy is weighing on China, President Xi says
►    PBOC data suggest capital outflows stayed strong in September
►    Saudi crude stockpiles at record high amid quest to keep share


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