NEWS HIGHLIGHTS

• 
  Govt starts imposing 5% sales tax on bottled water (Comment included in Kenanga Today)
• 
  FGV: Chairman’s Letter to Shareholders (Comment included in Kenanga Today)
• 
  Ranhill’s associate fails in appeal against revocation of permit to sell renewable energy
• 
  PBA Holdings seek Putrajaya’s nod to review Penang’s water tariff
• 
  TSR Capital bags Gemas-JB rail sub-contract worth RM307.0m

MACRO BITS

• 
  Oil slips on concerns about China slowdown
• 
  Weak China trade hits world stocks, causes risk-off trade
• 
  Malaysia to regulate initial coin offerings, cryptocurrency trade
• 
  Future holds positive evaluations, prospects for Malaysian economy — Japanese Ambassador
• 
  Palm in sharpest fall in 6 weeks on expectations for slower export growth
• 
  Govt subsidises industries where it can — Dr M
• 
  S'pore ministers hope to see bilateral ties with M'sia back on track
• 
  China says biggest trade worries this year are external uncertainty, protectionism
• 
  China's 2018 trade surplus with U.S. highest on record going back to 2006
• 
  Trump predicts U.S. will reach trade deal with China
• 
  U.S. government shutdown drags into fourth week amid stalemate
• 
  EU writes to UK providing assurances over Ireland Brexit backstop
• 
  Euro zone industry output tumbles, raises questions on rate hike

IDEAS OF THE DAY

• 
  On Our Technical Watch: PENTA, HLIND

Source: Kenanga Research - 15 Jan 2019