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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