Thursday, December 20, 2012

News Bits | 20 Dec 2012

Kenanga Today
IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Reports: Automotive, Building Materials, Construction, Consumer-Sin, Consumer-Retail, Gaming, Healthcare, Logistics and Transportation, M-REITs, Media, Property, Rubber Glove, Telecommunication & Technology
l  Results Note: AEONC, UMCCA
l  On Our Radar: OCK
l  Technically Speaking: PWROOT, MICROLN
l  Economic Viewpoint – Malaysia November 2012 CPI
 
NEWS HIGHLIGHTS
l  Scientex Q1 net profit up 20.6% to RM24.9m
l  Hai-O double earnings in 2QFY13 to RM16.1m
l  Apollo Food net profit jumped 85%
l  LB Aluminium posts higher Q2 earnings
l  New Hoong Fatt to acquire Jakarta land for RM22.9m
l  MyEG allocates RM60.0m capex for two new online services
 
FOREIGN NEWS HIGHLIGHTS
l  Macquarie to shut Singapore infrastructure fund on outlook
l  UBS fined USD1.5b in growing Libor scandal
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  November CPI Stays At 1.3%
l  Zeti Sees Growth To Hold Steady At 5% Next Year
Asia Pacific
l  Asia Business Sentiment Edges Up In Fourth Quarter, But Global Worries Persist
l  Japan Exports Slide Even As Yen Decline Improves ’13 Outlook
l  World Bank Raises China Growth Forecast
l  N.Z.’S Economic Growth Slows More Than Forecast
USA
l  Building Permits Increase As U.S. Housing Rebounds
l  Housing Starts Fall As Northeast Feels Effects Of Sandy
l  Republicans Said To Consider Spending Cuts In Bill
l  Fitch Warns US Could Lose AAA If 'Fiscal Cliff' Hits
Europe
l  German Business Confidence Rises
Currencies
l  Euro Comes Off 8-Month High Vs. Dollar
Commodities
l  Oil Rises On U.S. Budget Deal Hopes, Demand Optimism
l  Gold Ends Flat, U.S. Budget Talks In Focus