Morning News - 2 November 2015 - BANKING / CIMB / JAKS / PGAS

Today’s Highlights

►    Sector Update – Banking (NEUTRAL, maintain) - A potential moderation in 4Q15, views unchanged

►    Company Update  – CIMB Group (BUY, maintain) - CIMB Niaga: Elevated provisions in 3Q15

►    Company Update  – JAKS Resources (BUY, maintain) - Almost there

►    Results Note – Petronas Gas (HOLD, maintain) - A decent quarter

Quick bites

►    FGV: Signing of definitive dcouments extended to no later than 30 Nov

Outside Malaysia                                             

►    US stocks slip, trimming the strongest monthly gain since 2011 ►    US consumer spending rose less than forecast in September ►    US avoids debt default as congress passes fiscal plan ►    Draghi says further stimulus in December remains 'open question' ►    Euro area spell of sub-zero inflation ends as unemployment falls ►    Taiwan economy shrinks for first time since 2009 on exports ►    China’s official factory gauge signals contraction continues ►    Crude advances a third day as US drillers idle more oil rigs