Results note – Petronas Gas (HOLD, maintain) - No surprise in result

Today’s Highlights

►    Strategy  – KLCI (POSITIVE, maintain) – Mind the gap

►    Results note  – MISC (SELL, maintain) - Rough seas

►    Results note  – Petronas Chemicals (SELL, maintain) - Supported by stronger margins

►    Results note  – Petronas Gas (HOLD, maintain) - No surprise in result

►    Economic Update– Malaysia Economic Outlook 2017- 2017E GDP growth of 4.4%, a tad higher than 2016

►    Economic Update– US Economy Monetary Policy- No change to US Fed’s FFR, but tone slightly hawkish

Outside Malaysia            

►    US stocks decline for seventh day amid Fed as election looms

►    Fed sets up move in December while leaving rates on hold

►    Companies in US add fewest workers in five months, ADP says

►    Euro area manufacturing gathers speed as price pressures build

►    ECB study finds impact of weak euro on prices recedes with time

►    German joblessness falls to record low as economy ploughs on

►    Singapore’s mall vacancies jump to highest level in a decade

►    Oil tumbles after US crude stockpiles climb most on record