► Sector Update – Banking (OVERWEIGHT, maintain) - OPR cut effect yet to be seen

Today’s Highlights

►    Sector Update – Banking (OVERWEIGHT, maintain) - OPR cut effect yet to be seen

►    Sector Update  – Telco (NEUTRAL, maintain) - A benign signal

►    Results Note – TM (HOLD, maintain) - Short-term pain for mobile ambitions

►    Results Note – Karex (HOLD, maintain) - Strap on for bumpy ride

Outside Malaysia            

►    Oil slump sparks stock losses as S&P 500 wipes out August gains

►    ADP says companies in US added 177,000 employees in August

►    Pending sales of US existing homes rise, led by demand in West

►    Euro area inflation undershoots forecast before ECB meeting

►    UK consumers choose spending over saving as confidence rises

►    Japan’s industrial output falls flat, keeping pressure on BOJ

►    India’s growth slows more than estimated, adding pressure on RBI

►    Oil tumbles most in month after US crude stockpiles advance