Thursday, June 23, 2016

Morning News - 23 June 2016 - UOAD / HUATLAI


Today’s Highlights
►    Company Update – UOA Development (BUY, maintain) - Dividend play
►    Company Note  – Huat Lai Resources (Not Rated) - The Golden Egg



Outside Malaysia            
►    US stocks slip with looming UK Brexit vote too close to call
►    IMF cuts US growth forecast, urges ‘very gradual’ rate hikes
►    Sales of existing US homes rise to highest since 2007
►    US home prices increased 5.9% in April from year earlier
►    ‘Out Is Out,’ EU’s Juncker tells UK voters on day before vote
►    ECB reinstates Greek waiver after nation wins bailout payment
►    Thailand keeps key rate unchanged as Brexit risks dominate
►    Oil falls after US crude stockpiles shrink less than expected

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