NEWS HIGHLIGHTS

• UEM Sunrise issues RM500.0m in Islamic medium-term notes

• Perdana Petroleum secures new work barge job, extension of existing contract

• HSS Engineers associate bags RM9.5m Pahang water system upgrade project

• Pansar bags RM130.0m job in Sarawak

• Harn Len managing director buys 1.6% stake in company

MACRO BITS

• Global EV sales up 69.0% y/y in Jan, down 26.0% vs Dec - Rho Motion

• Anwar: New Bumiputera growth areas need to be identified for the benefit of all

• Zafrul: Nearly 70.0% of Malaysia’s RM225.0b approved investments focused on digital economy

• Miti: Malaysia should take advantage of green investments to leverage diverse sources of capital

• Govt to introduce Madani white rice, available starting March 1

• Outcome of civil service salary review to be announced in Budget 2025

• Yen’s fall complicates BOJ’s decision on timing of rate hike

• Indonesians wake to new presumed president Prabowo

• Thailand plans policy blitzkrieg to boost birth rate from seven- decade low

• Fed’s Goolsbee says inflation can be a bit higher, still on path to 2.0%

• New Chicago Fed index sees more moderate gain in January retail sales

• US producer prices revised lower in December

• ECB needs more data to be sure on inflation, Guindos says

• Euro zone Q4 GDP confirmed flat q/q, up 0.1% y/y

• UK inflation weaker than forecast in relief for BOE

IDEAS OF THE DAY

• Company Update: HLIND

Source: Kenanga Research - 15 Feb 2024