Friday, May 27, 2016

Morning News - 27 May 2016 - IHH / CIMB / YTL / YTLP / IJM / AFG / IJMP / SUNCON / JT / WTK

Today’s Highlights
    Results Note – IHH Healthcare  (HOLD, maintain) - Inpatient admissions accelerated in 1Q16
    Results Note – CIMB Group (BUY, maintain) - Normalized earnings showing relief
    Results Note – YTL Corporation (HOLD, maintain) - A tepid quarter
    Results Note – YTL Power International (HOLD, maintain) - Still waiting for Paka extension
    Results Note – IJM Corporation (BUY, maintain) - Weaker quarter
    Results Note – AFG (BUY, maintain) - Steady results despite challenging condition
    Results Note – IJM Plant (HOLD, maintain) - ASP and cost not in line with expectations
    Results Note – Sunway Construction (BUY, maintain) - Ramping up
    Results Note – Jaya Tiasa (HOLD, maintain) - Hit by higher costs in the palm oil division
    Results Note  – WTK (BUY, maintain) - Results below expectations



Outside Malaysia            
    US stocks little changed amid mixed data after two-day surge
    Initial jobless claims fall as US layoffs prove temporary
    Pending sales of US existing homes rise by most since 2010
    Orders for US capital goods unexpectedly fall for third month
    Consumers drive UK economy as investment, exports decline
    Japan CPI falls 0.3%, raising pressure on BOJ for more stimulus
    China says it has room to increase debt to boost economic growth
    Oil eases gains after exceeding US$50 for first time this year

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