► S&P 500 closes near high on fed bets amid mixed data

Today’s Highlights

►    Results Note  – Sime Darby (SELL, downgrade) - Proposed private placement is a surprise

►    Results Note – IOI Corp (HOLD, maintain) - Below expectations, maintain HOLD

►    Results Note – SP Setia (HOLD, downgrade) - Achieved RM1.1bn property sales in 1H16

►    Results Note – Carlsberg (HOLD, downgrade) - In line with expectations

►    Results Note – Kossan (HOLD, maintain) - Priced-in

►    Results Note – MSM (HOLD, maintain) - Hurt by raw sugar prices

►    Results Note  – WCT Holdings (BUY, maintain) - Construction resurgence

►    Results Note – AirAsia X (HOLD, downgrade) - Remained in the black

►    Results Note  – MCIL (SELL, maintain) - Disappointing start to the year

Outside Malaysia            

►    S&P 500 closes near high on fed bets amid mixed data

►    Fed’s regional bank boards increase pressure for rate hike

►    US new-home sales unexpectedly surge to almost nine-year high

►    Euro area economy shrugs off Brexit as key index edges up

►    UK factories reap export benefits of Brexit’s drag on pound

►    China to slash limits on foreign investment to revive spending

►    Brazil’s current account gap widens more than forecast in July

►    Oil climbs on report Iran may support OPEC production freeze