Morning News - 24 May 2016 - GENP / MALAKOFF / LMC / UMW-OG

Today’s Highlights

►    Results Note – Genting Plant (SELL, maintain) - Below expectation, maintain SELL

►    Results Note – Malakoff (HOLD, downgrade) - Dim showing

►    Results Note  – Lafarge Malaysia (HOLD, maintain) - Integration cost and pricing pressure

►    Results Note – UMW-OG (SELL, maintain) - Rigs utilisation continues to disappoint

Outside Malaysia            

►    US stocks decline amid focus on interest rates, looming data

►    Fed’s Harker sees two to three rate hikes in 2016 as prices gain

►    Euro area growth seen slowing as outlook clouds amid weak orders

►    French services lead pickup in private-sector growth, PMIs show

►    Euro area confronts Greek debt spiral with IMF demanding action

►    Brexit is one of the biggest risks seen by World Bank, Kim says

►    Japan April trade surplus ¥823.5bn, beats estimates

►    Oil trades near US$48 as producers work to resume output in Canada