Tuesday, May 17, 2016

Morning News - 17 May 2016 (RESEND: KLK)

Resend
    Results Note – KL Kepong (HOLD, maintain) - Below expectation but HOLD rating maintained




Today’s Highlights
    Results Note – KL Kepong (HOLD, maintain) - Below expectation but HOLD rating maintained
    Results Note – Aemulus Holdings Berhad (SELL, maintain) - Earnings miss, again



Outside Malaysia            
    US stocks jump as oil rally boosts energy shares, Apple surges
    Confidence among homebuilders in US held steady in May
    Thai economy expands more than expected on state spending
    India wholesale prices unexpectedly rise first time in 18 months
    Russian economy springs surprise as central bank won’t rush cuts
    Bank of Russia shelves plan to boost its reserves amid oil rally
    Brazil economists see slower inflation and lower rates in 2017
    Oil rises to six-month high as Goldman sees demand above output

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