Friday, May 20, 2016

Morning News - 20 May 2016 - KPJ / AEON CO / MSM / TROPICANA / TA ANN / ECONOMY - ASEAN OUTLOOK & OPR


Today’s Highlights
    Results Note  – KPJ Healthcare (BUY, maintain) - “Green shoots” has finally appeared
    Results Note  – AEON Co. (M) (HOLD, maintain) - Dragged down by retail sales
    Results Note – MSM (HOLD, maintain) - Hurt by margin compression
    Results Note – Tropicana (BUY, maintain) - Achieved RM204m property sales (+16% yoy)
    Results Note – TA Ann (BUY, maintain) - Disappointing start to the year
    Economy – ASEAN Outlook – Weekly Wrap - Healthy 1Q16 GDP growth seen in most Asean countries
    Economy – OPR- BNM maintains its overnight policy rate at 3.25%



Outside Malaysia            
    US stocks slide amid concern higher rates will weigh on growth
    Fed’s Lacker sees strong June rate-hike case as risks fade
    Jobless claims in US dropped last week from a one-year high
    Moody’s cuts 2016 US growth forecast, cites weak global demand
    UK retail-sales surge lifts hopes for second-quarter growth
    Indonesia's central bank leaves key rate unchanged
    Philippine GDP growth tops China as election spending climbs
    Oil closes near US$48 amid easing dollar gains, Nigeria violence

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