Company Update – CIMB Group (BUY, maintain) - Banking on earnings recovery

Today’s Highlights

►    Company Update – CIMB Group (BUY, maintain) - Banking on earnings recovery

►    Company Update  – Berjaya Sports Toto (HOLD, maintain) - Looking for a lucky new start

                                                                                                                                                                  

Outside Malaysia            

►    S&P 500 slips from all-time high as corporate earnings weigh

►    IMF scraps forecast for global-growth pickup on Brexit fallout

►    Housing starts in US increased more than forecast in June

►    German ZEW investor sentiment deteriorates in Brexit aftermath

►    UK faces slowest growth since 2012 after Brexit vote, IMF says

►    UK inflation quickens more than forecast on airfare surge

►    RBA keeps options open as growth, jobs market likely to ease

►    Oil falls to two-month low amid dollar strength, ample supply