Monday, December 19, 2016

► Results Note – Gamuda (BUY, maintain) - New growth cycle

Today’s Highlights
►    Results Note – Gamuda (BUY, maintain) - New growth cycle
►    Results Note  – Berjaya Sports Toto (SELL, maintain) - Falling short of expectations



Outside Malaysia            
►    S&P 500 slips on China tension as financial rally takes pause
►    Fed hawk Lacker says may need more than three hikes in 2017
►    US home starts slumped in November after outsize advance
►    Draghi said to warn EU rising global rates pose crisis risk
►    UK gets black Friday boost as retail sales unexpectedly rise
►    China plans prudent, neutral monetary policy for next year
►    Japan overtakes China as largest holder of US treasuries
►    Oil rises as output cuts seen curbing glut, dollar rally stalled

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