Tuesday, July 26, 2016

Company Update – Jaya Tiasa (HOLD, maintain) - Expecting weaker results due to lower log data

Today’s Highlights
    Company Update – Jaya Tiasa (HOLD, maintain) - Expecting weaker results due to lower log data
    Results Note  – Bursa (HOLD, maintain) - Derivatives should sustain growth
                                                                                                                                                                  


Quick Bites            
    SapuraKencana – Awarded US$113m Mexican job from Pemex



Outside Malaysia            
    US stocks retreat from highs as crude hits energy shares
    German Ifo confidence falls less than expected after Brexit vote
    UK manufacturer confidence drops to recession levels on Brexit
    Japan’s exports decline again in June, for ninth straight month
    South Korea’s growth rate improves on consumption, construction
    Brazil’s Meirelles calls for tighter budget to avoid more taxes
    Singapore central bank damps speculation of policy easing
     Oil tumbles to three-month low as US drilling climbs amid glut

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