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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