Friday, June 24, 2016

Morning News - 24 June 2016 - TAANN / ECONOMY - ASEAN OUTLOOK

Today’s Highlights
    Company Update – TA Ann (BUY, maintain) - Plantation taking the lead
    Economy  – ASEAN Outlook – Weekly Wrap - BOT and BSP keep policy rates unchanged



Quick bites
    Plantation: French Parliament scraps planned extra tax on palm oil
    SIME: Sells stake in Hotel Equatorial Melaka for RM55.4m
    GAQRS: RM314m PR1MA project secured
    Benalec: Detailed EIA approval for Tanjung Piai Integrated Petroleum & Petrochemical Hub Maritime Industrial Park (TPMIP) project



Outside Malaysia            
    US stocks rise with global markets amid UK referendum on EU
    Sales of new homes in US declined in May from eight-year high
    Jobless claims in US declined more than forecast last week
    Brexit looms over Europe as growth, inflation remain elusive
    UK population rises more than 500,000 to record 65.1m
    Singapore consumer prices drop more than forecast in May
    Philippines keeps rate on hold as markets brace for turmoil
    Oil advances above US$50 as UK votes on whether to remain in EU

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