Monday, August 29, 2016

► Results Note – Bumi Armada (HOLD, maintain) - Excluding large impairment, within expectations

Today’s Highlights
    Results Note – Bumi Armada (HOLD, maintain) - Excluding large impairment, within expectations
    Results Note – SCICOM (MSC) (BUY, maintain) - Still soaring
    Results Note  – WTK (BUY, maintain) - Weak 1H16 results – below expectations
    Results Note – Petra Energy (BUY, maintain) - Profit after loss in 1Q16



Outside Malaysia            
    Gamuda – MMCEG-Gamuda JV’s appeal on Wayss & Freytag case dismissed



Outside Malaysia            
    US stocks slip as investors ramp bets for rate hike this year
    Yellen says rate-hike case ‘strengthened in recent months’
    Economy in US grew at 1.1% rate, slower than first estimated
    Consumer sentiment in US eased in August to four-month low
    Consumers and businesses spurred UK economy before Brexit
    BOJ’s Kuroda says ready to ease as Jackson Hole debates options
    Japan’s CPI falls for 5th month, raising pressure on Kuroda
    Oil rises as investors parse Yellen remarks for rate-hike clues

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