Morning News - 30 November 2015 - AFG/ AXIATA / WTK / E&O / AQRS

Today’s Highlights

►    Results Note – Alliance Financial Group (BUY, maintain) - Steady operating income generation

►    Results Note – Axiata (HOLD, maintain) - Weak RM provides some support to earnings

►    Results Note – WTK  (BUY, maintain) - Good times for timber

►    Results Note  –  E&O (BUY, maintain)  - Slow start

►    Results Note – Gabungan AQRS (SELL, downgrade)  - Surprise loss

Quick Bites

►    Gamuda – Penang reclamation costing about RM8bn to start in 2018

►    IJM Corp – Considering sale of Scomi stake?

Outside Malaysia                                             

►    S&P 500 little changed as Disney weighs, small-cap shares climb ►    Euro area confidence at four-year high as ECB mulls stimulus ►    UK domestic demand lifts economy as trade has record drag ►    Asian Central Banks seek more tools amid growth, stability risks ►    Taiwan cuts growth forecast to lowest since 2009 on export slump ►    Abe orders extra Japan budget providing cash for pensioners ►    Oil pares weekly advance as global supply glut seen growing