Result Note
· MAS- (HOLD; RM3.10; TP:RM2.26)- 2Q09 profit from derivatives gain
· MBM Resources (HOLD;RM2.37;TP:RM2.60)- Stronger earnings QoQ
News Highlights
· Malaysia and Brunei closer to inking deal on oil and gas joint venture
· F&N earnings up 49% to RM59m
· AirAsia defers delivery of 8 planes from 2010 to 2014
· SunCity may revive US$860m REIT
· AWC secures RM177.4m deal in Abu Dhabi
Foreign News
· Oil falls below $72 as energy supplies grow
· Government makes £1bn paper profit as market bets on healthy RBS figures
· New Zealand's unemployment rate at 10-year high
· US Treasurys fall as Govt announces record US$75b auction
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