Monday, October 17, 2016

Company Update – Berjaya Sports Toto (SELL, downgrade) - Rich valuation with stagnant growth

Today’s Highlights
    Company Update – Berjaya Sports Toto (SELL, downgrade) - Rich valuation with stagnant growth



Quick Bites            
    MRCB: 2 parties interested to buy Eastern Dispersal Link tax exemption



Outside Malaysia            
    S&P 500 Index closes little changed amid data, earnings results
    Yellen sees ‘plausible ways’ hot economy could heal growth
    Consumer sentiment in US unexpectedly drops as outlook sours
    Retail sales in US rose in September by most in three months
    China sees first factory-gate inflation in almost five years
    Singapore’s economy contracts annualized 4.1% in third quarter
    Singapore says neutral policy to stay as economy shrinks
    Oil declines on dollar strength, rising US crude stockpiles

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