Analyst Research Report Snapshot

Title:

Morning News 16 May 2013

Price:

$69.00

Provider:

Affin Investment Bank

Date:

15 May 2013

Pages:

7

Type:

AcrobatPDF

Companies referenced:

PRKN.KL APMA.KL DIAL.KL GASM.KL UOAD.KL

Available for Immediate Download
Summary:

Today’s Highlights Company Update – Parkson (REDUCE, maintain) - China operations is still not well Results Note – Dialog Group (BUY, maintain) - A record 9M earnings but slightly below expectations Results Note – Gas Malaysia (ADD, maintain) - Earnings visibility intact, strong balance sheet Results Note – UOA Development (BUY, maintain) - A record quarterly earnings, maintain BUY Results Note – APM (REDUCE, maintain) - Within expectations Economy – 1Q2013 Real GDP - Real GDP growth slowed sharply to +4.1% yoy in 1Q13 Debt Market Research – Daily Update - MGS curve flattened further as shorter-end yields rose Outside Malaysia US stocks rise on stimulus bets as manufacturing falls Production falls as US feels global weakness Homebuilder confidence in US climbs as outlook improves King declares UK recovery is in sight as outlook raised German economy barely expands while France contracts Li signals reluctance on stimulus to boost China growth Singapore March retail sales down 7.4% from a year ago Oil little changed as equities rally to record

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