Monday, March 13, 2017

► Company Update – UMW-OG (HOLD, upgrade) - Two strikes for NAGA 2

Today’s Highlights
►    Company Update  – UMW-OG (HOLD, upgrade) - Two strikes for NAGA 2
►    Sector Update – Plantation (NEUTRAL, maintain) - Production improves for third straight month

Quick Bites
►    Malaysian Construction (OVERWEIGHT, maintain) - MRT Corp awards RM2.73bn contracts; BUY SunCon

Outside Malaysia            
►    S&P 500 rally pauses as tumbling bond, oil prices break momentum
►    US jobs, pay show solid gains in Trump's first full month
►    ECB said to have discussed whether rates can rise before QE ends
►    UK loses momentum as factories, builders reduce output
►    IMF said to move toward Greek bailout loan in Merkel boost
►    China says economy showed signs of improvement in start of year
►    PBOC's Zhou sees relatively stable yuan even as Fed hikes loom
►    Oil caps worst week since November as US supply glut expands

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