Friday, April 22, 2016

Morning News - 22 April 2016 - TENAGA / MAXIS / AEONCR / ECONOMY - ASEAN OUTLOOK

Today’s Highlights
►     Company Update – Tenaga (BUY, maintain) - Expect a steady quarter
►    Results Note  – Maxis (HOLD, maintain) - Resilient so far despite more competition
►    Results Note – AEON Credit (BUY, maintain) - Propped up by a strong quarter in 4QFY16
►    Economy – ASEAN Outlook – Weekly Wrap - Bank Indonesia maintained its policy rate at 6.75%



Quick Bites                       
►    IHH Healthcare - Acibadem acquires four new hospitals in Bulgaria
►    Bumi Armada: Filed for US$283.5m damages from Woodside for the termination of Armada Claire FPSO contract



Outside Malaysia            
►    S&P 500 loses grip on 4-month high as stocks fall amid earnings
►    US jobless claims unexpectedly drop to lowest level since 1973
►    Leading Indicators in US climbed less than forecast in March
►    US home prices rose 0.4% in February from January, FHFA says
►    ECB keeps up unprecedented stimulus as Draghi assesses impact
►    UK retail sales fall more than forecast
►    Bank Indonesia pauses rate cuts ahead of new policy plan
►    Oil slips from 5-month high amid ample US supply, OPEC doubts

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