Morning News - 30 May 2016 - MAY / PENB / SUCB / SWB / KAREX / IOIPG / EAST / BHB / AQRS / AMM

Today’s Highlights

►    Results Note – Maybank (HOLD, maintain) - A weak start in 1Q16, below expectations

►    Results Note – Petra Energy (BUY, maintain) - Expect profits to pick-up in subsequent quarter

►    Results Note – Supermax (BUY, maintain) - Quarterly blip

►    Results Note – Sunway (BUY, maintain) - Unbilled sales remain high at RM1.5bn

►    Results Note – Karex (HOLD, maintain) - Forex hit

►    Results Note – IOI Properties (BUY, maintain) - Strong contribution from property development

►    Results Note – Eastern & Oriental (BUY, maintain) - Disappointing results

►    Results Note – Benalec Holdings (HOLD, maintain) - Title woes

►    Results Note – Gabungan AQRS (BUY, maintain) - Weak quarter

►    Results Note – AMBANK (HOLD, maintain) - 4QFY16 didn’t get better….

Outside Malaysia            

►    US stocks climb, capping S&P 500’s strongest week since March

►    Yellen says Fed hike probably appropriate in ‘coming months’

►    US economy grew more last quarter than previously estimated

►    Consumer sentiment in US increases less than forecast in May

►    Brexit threatens growth, trade and jobs, global leaders warn

►    Japan’s Abe plans up to $90.7 billion stimulus, Nikkei says

►    Taiwan's first-quarter GDP contracts less than expected year-on-year

►    Oil near US$50 amid drop in US rigs, disruptions in Nigeria