Thursday, November 24, 2016

► Results Note – RHB Bank (HOLD, maintain) - Another spike in 3Q16 provisioning

Today’s Highlights
►    Results Note – RHB Bank (HOLD, maintain) - Another spike in 3Q16 provisioning
►    Results Note – Genting Plant (SELL, maintain) - Higher CPO prices boosted earnings
►    Results Note  – MMC (HOLD, maintain) - Decent core but weak associate
►    Results Note  – UOA Development (BUY, maintain) - Fair value gain
►    Results Note – Bumi Armada (HOLD, maintain) - First-time losses at core level
►    Results Note – Hap Seng Plant (HOLD, maintain) - No surprise, results within expectations
►    Results Note – MBM Resources (SELL, maintain) - Below expectation
►    Results Note – Parkson (SELL, maintain) - A red beginning
►    Economy – OPR - BNM kept its OPR unchanged at 3.0%


Outside Malaysia            
►    Dow, Russell extend rallies as economic data lifts industrials
►    Fed officials saw rate hike relatively soon, minutes show
►    Sales of new US homes declined to four-month low in October
►    Consumer sentiment in US jumps after trump election victory
►    US jobless claims rebound after plunging to four-decade low
►    Euro area economic growth gathers pace as orders and prices rise
►    UK cuts 2017 growth forecast and plans to increase borrowing
►    Oil closes near US$48 as Iraqi remark seen boosting OPEC deal odds

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