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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