Morning News - 18 April 2016 - OIL & GAS / RHBC / ARMADA

Today’s Highlights

►    Sector Update – Oil & Gas (UNDERWEIGHT, maintain) - Earnings risk posed by stronger MYR

►     Company Update  – RHB Capital (BUY, upgrade) - Internal reorganisation completed

►    Company Update – Bumi Armada (SELL, maintain) - And now stronger MYR is a problem

Outside Malaysia  

►    US stocks retreat on energy slump as S&P 500 trims weekly gain

►    G-20 says growth risks are stabilizing as shock of Brexit looms

►    Manufacturing output in US falls by most since February 2015

►    Consumer sentiment falls on concerns over US wages, elections

►    Singapore retail sales unexpectedly decline 3.2% in February

►    China's economy stabilized in 1Q16

►    Oil falls most in two weeks before producers meet on cap in Doha