Morning News - 31 May 2016 - MCIL / EVSD / JAKS

Today’s Highlights

►    Results Note – MCIL (SELL, maintain) - Disappointing set of results

►    Results Note – Eversendai (BUY, maintain) - Fair value loss

►    Results Note  – JAKS Resources (BUY, maintain) - Maiden contributions from Vietnam

Quick Bites

►    AirAsia: US$1bn offer for leasing company

Outside Malaysia            

►    Euro area economic confidence rises as ECB stimulus kicks in

►    German consumer prices unexpectedly halt slide before ECB meets

►    French economy grows faster than estimated as investment jumps

►    Japan’s retail sales stall as Abe mulls delay to tax hike

►    No slowdown for India despite global uncertainty, Jaitley says

►    Brazil’s April primary budget surplus exceeds all estimates

►    Oil rises as Libya fighting flares up before OPEC meets