Economic Update - Malaysia- CPI - Headline inflation rises sharply to 3.2% yoy in January

Today’s Highlights

►    Economic Update - Malaysia- CPI - Headline inflation rises sharply to 3.2% yoy in January

►    Results Note – AirAsia X (BUY, maintain) - Successful turnaround

►    Results Note – UOA Development (BUY, maintain) - Larger fair value gain

►    Results Note – Genting Plant (HOLD, maintain)  - A good end to the year

►    Results Note – Hap Seng Plant (HOLD, maintain)  - Good set of results

►    Other Results Note – Lafarge Holcim Malaysia, AFG, MBM Resources

MSM, TM, Genting Berhad

Outside Malaysia            

►    US stocks end little changed as crude falls, Fed eyes hikes

►    Fed’s Powell says hike warranted soon if economy stays on track

►    Existing US home sales rise more than forecast as supply drops

►    German Ifo sentiment rises as bundesbank sees growth pickup

►    Spain exports hit record as crisis pushes firms abroad

►    UK economy gets rare trade boost as consumer outlook dims

►    China home prices rise in fewest cities in a year amid curbs

►    Oil pares fall after API said to report US crude supply drop