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    Malaysia Regional


    29 Jun 2016

    EcoWorld Development (ECW MK) / SapuraKencana (SAKP MK)

    - Eco World Development (Eco World) reported 2QFY16 net profit of RM34.7m (+42.9% qoq, +193.7% yoy) on revenue of RM614.6m ... News

    - SapuraKencana’s (SAKP) core profit came in at RM147m where segmental performance has largely met expectations: a) energy division barely broke even at realised oil price of US$39/bbl and lower volumes b) 6 rigs were idle in 1QFY17 vs 5 rigs in the preceding quarter; and c) there was lower engineering and construction (E&C) activity due to the monsoon season and project scope of works. ... News


    28 Jun 2016

    Plantation – Malaysia

    - FFB production from Sarawak is relatively better than that in other states in Malaysia. ... News

    - SOP’s estates in Miri and still see cracks in the ground due to dry weather ... News


    27 Jun 2016

    Brexit - Assessing The Pangs Of A Breakup

    - In a historically unprecedented move, the UK voted on 24 June to leave the EU with the “Leave” camp taking 51.9% of the votes ... News

    - The exit does not create a global financial systemic risk nor substantially derails global GDP growth, and only significantly impacts a couple of Malaysian stocks ... News

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