Analyst Research Report Snapshot


Morning News 6 November 2013




Affin Hwang Investment Bank Bhd


05 Nov 2013





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Today’s Highlights Company Update – UMW (REDUCE, maintain) - Lacking re-rating catalysts, maintain REDUCE Flash Note – Genting S’pore (Not Rated) / Genting (BUY) - A tinge of optimism from management Flash Note – Gamuda (BUY, maintain) - Takeover offer for 70% of Kesas Holdings Debt Market Research - Slow MGS market with continued focus on the 5y benchmark Outside Malaysia US stocks decline as investors await GDP, jobs reports Surprise services pickup shows overcoming shutdown: economy Rosengren says Fed may keep interest rate near zero until 2016 EU lowers euro-area growth outlook as debt crisis lingers EU cuts Spain growth forecast, sees deficit widening Singapore October PMI rises to 51.2 RBA says aussie ‘uncomfortably high’ as it holds key rate WTI crude tumbles to five-month low on supply outlook

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