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    Malaysia Regional


    23 Aug 2016

    O&G – Malaysia

    - In 2Q16, Petronas’ earnings remained depressed due to lower O&G prices andrefining margins however, its cash flow management and cost savings initiativesare showing results, with ytd operating cash flow able to match its capex spent.... News

    - However, as Petronas is still far from cash flow neutrality, expected austerity measures will continue, which will lead to renegotiation risks and poor sector earnings visibility.... News


    22 Aug 2016

    AirAsia (AIRA MK)

    - AirAsia will release 2Q16 results on 29 Aug 16 and expected an 88% yoy jump in profit. ... News

    - This mainly due to anticipated gains on the divestment of its leasing arm, AAC however it is also expected that the accretion to equity from the divestment to be minimal as the equity portion will have to be adjusted for the holdco’s debt. ... News


    19 Aug 2016

    JCY International

    - JCY incurred a core net loss in 3QFY16 due to lower ASP and sluggish sales volume. ... News

    - Outlook remains challenging given the weak industry demand and its key client Western Digital’s strategy to realign its position in the HDD and SDD market to capture market’s need.... News

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