COMPANY UPDATE
· Alliance Financial Group (BUY; RM2.34; TP: RM2.70) – Navigating To Win
SECTOR UPDATE
· Water Sector: PAAB to announce the status by today
NEWS HIGHLIGHTS
· KLK (Trading SELL; TP: RM11.10) restructure Crabtree & Evelyn in US
· IOI (Trading SELL; TP: RM4.60) says worst is over for plantations
· AirAsia launches daily KK to Brunei flights
· Foreign interest in AirAsia rises to 38pc
· Public Bank launches PB Templeton Global Asian Focus
· US fund buys 13.5m Media Prima shares
ECONOMIC NEWS HIGHLIGHTS
· Bank Negara sees solid, long-term dollar role
· Malaysia draws RM4.2b FDI in Jan-May
FOREIGN NEWS HIGHLIGHTS
· US stocks slide on weak job data
· U.S. Economy: Job cuts in June deeper than forecast
· Private equity slams proposed banking rules
China lets foreign banks access yuan for HK trade
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