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