News Bits | 26 Feb 2013

l  Sector Update: Automotive

l  Company Update: DIGI, ECS

l  Result Note: BSTEAD, CIMB, COASTAL, CRESBLD, KIMLUN, KOSSAN, MBMR, MISC, PARKSON, PCHEM, PERDANA, SENDAI, WCT

l  Quick Bites: CENSOF

l  On Our Radar: PESTECH

l  On Our Technical Watch: DRBHCOM, CENSOF

 

NEWS HIGHLIGHTS

l  Quek fails to take HLCap private

l  Scrapped Turkey bid seen for UEM

l  DRB-HICOM to assemble Audi cars in Malaysia

l  UMW on track to list O & G assets

l  Ingress sees RM107m revenue from Proton contract

l  Green Packet’s revenue growth target is 10.0% rise this year

FOREIGN NEWS HIGHLIGHTS

l  CNOOC closes USD15.1b acquisition of Canada's Nexen

l  Virgin Earnings Drop on Qantas Competition, Carbon Taxes

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  China's February Manufacturing Growth Eases

l  Singapore Budget Heavy On Social Spending

l  Vietnam’s Trade Surplus Widens In February Buoyed By Exports

USA

l  Sequester: Obama Urges Governors To Prod Congress To Deal

Europe

l  Markets Fall On Fear Of Italy Post-Election Deadlock

Currencies

l  Euro Slides On Italian Election Signals

Commodities

l  Brent Up As China Imports Rise, Italian Elections Weigh

l  Gold Rises Nearly 1% Pct On Wall St Losses, Euro Zone Worry