RESULTS NOTES
· Gamuda (HOLD; RM3.23; TP: RM2.90) – FY09 Net Profit below expectations
· VS Industry (HOLD; RM1.22; TP: RM1.03) - Associate’s a drag
NEWS HIGHLIGHTS
· No premature pulling of plug on fiscal stimulus
· Najib to announce major Mideast investment in Malaysia today
· Sunway seures RM147m job
· Berjaya Corp to inject Singer, 7-Eleven into B-Retail ahead of listing
· Sime Darby plans RM4.5b Islamic debt notes
· Tanamas buys 51% stake in palm oil firm for RM24m
· Omar Ong appointed Petronas non-exec director
· E&O prepares for RM4bn property launches
FOREIGN NEWS HIGHLIGHTS
· U.S. stocks decline as technology slump offsets housing rebound
· Singapore's GIC recovers after last year loss
· Japan CPI in biggest fall in 28 years
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