Morning News - 18 May 2016 - CARLSBG / APM / UCHI

Today’s Highlights

►    Results Note  – Carlsberg (BUY, maintain) - A stellar start

►    Results Note – APM (SELL, downgrade) - Impacted by lower sales and high costs

►    Results Note – Uchi Tech (BUY, maintain) - 1Q16 earnings jump 19% yoy

Outside Malaysia            

►    US stocks slump as inflation data stokes rate-hike speculation

►    Consumer prices in US climbed in April by most since 2013

►    Fed’s Williams, Lockhart see at least two rate hikes in 2016

►    Housing starts in US increase, extending see-saw pattern

►    Factory output in US increases for first time in three months

►    UK inflation unexpectedly slows to 0.3%, core rate drops

►    Japan dodges recession on modest increase in consumer spending

►    Oil rises to seven-month high as supply losses tame surplus