Results Note – SapuraKencana (HOLD, maintain) - Expect profits to deteriorate towards year-end

Today’s Highlights

►    Results Note – SapuraKencana (HOLD, maintain) - Expect profits to deteriorate towards year-end

Outside Malaysia            

►    US stocks rebound as worries ease after two-day Brexit selloff

►    First quarter US economic growth exceeds previous estimate

►    Home-price increases in 20 US cities hold steady in April

►    Consumer confidence increased in June to an eight-month high

►    Spain economy grew 0.7% in 2Q16, central bank says

►    ECB’s Nowotny says it’s too early to consider Brexit response

►    South Korea plans supplementary budget, cuts growth forecast

►    Oil gains after Brexit rout as policy makers try to curb fallout