► Results Note – Pavilion REIT (BUY, maintain) - Still standing tall

Today’s Highlights

►    Results Note – Pavilion REIT (BUY, maintain) - Still standing tall

►    Company Update  – UMW Holdings (SELL, maintain) - End of O&G path

►    Company Update – UMW-OG (SELL, maintain) - Moving across value chain through acquisition

►    Economic Update – Malaysia OPR - BNM keeps its OPR unchanged at 3.0%

►    Economic Update – ASEAN Weekly Wrap- BNM keeps its OPR unchanged at 3.0%

Outside Malaysia            

►    US stocks fall as real estate declines with bonds

►    Fed’s Kaplan says immigration, Mexican trade make US stronger

►    Filings for US jobless benefits near lowest since 1970s

►    Housing starts in US rose more than forecast in December

►    ECB leaves bond-buying program unchanged as inflation gains

►    Bank of Korea’s Cho sees room for easing if economy worsens

►    Indonesia holds key rate to safeguard against capital outflows

►    Oil gains as US supplies decline at US hub, rise elsewhere